NEXT Financial Group Inc purchased a new position in Xenia Hotels & Resorts Inc (NYSE:XHR) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 9,541 shares of the real estate investment trust’s stock, valued at approximately $199,000.
A number of other hedge funds have also made changes to their positions in the stock. Versant Capital Management Inc bought a new position in Xenia Hotels & Resorts in the second quarter worth $37,000. LS Investment Advisors LLC bought a new position in Xenia Hotels & Resorts in the first quarter worth $73,000. Bremer Bank National Association bought a new position in Xenia Hotels & Resorts in the first quarter worth $103,000. NumerixS Investment Technologies Inc bought a new position in Xenia Hotels & Resorts in the first quarter worth $212,000. Finally, Mercer Global Advisors Inc. ADV bought a new position in Xenia Hotels & Resorts in the first quarter worth $179,000. 87.11% of the stock is owned by institutional investors.
XHR traded down $0.86 during trading on Monday, reaching $20.24. The stock had a trading volume of 11,542 shares, compared to its average volume of 640,738. The firm’s 50 day simple moving average is $21.20. The company has a quick ratio of 2.26, a current ratio of 2.40 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $2.38 billion, a P/E ratio of 9.09, a price-to-earnings-growth ratio of 2.05 and a beta of 1.01. Xenia Hotels & Resorts Inc has a one year low of $16.47 and a one year high of $24.84.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. Xenia Hotels & Resorts had a return on equity of 7.82% and a net margin of 12.44%. The business had revenue of $304.30 million during the quarter, compared to the consensus estimate of $292.57 million. During the same quarter in the prior year, the company earned $0.66 earnings per share. The firm’s quarterly revenue was up 9.8% compared to the same quarter last year. Research analysts predict that Xenia Hotels & Resorts Inc will post 2.15 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Friday, June 28th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.43%. Xenia Hotels & Resorts’s payout ratio is presently 49.55%.
XHR has been the subject of a number of research reports. KeyCorp initiated coverage on Xenia Hotels & Resorts in a report on Tuesday, June 25th. They issued an “overweight” rating and a $24.00 price objective for the company. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday. Finally, B. Riley set a $24.00 price objective on Xenia Hotels & Resorts and gave the stock a “hold” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $22.80.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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