Pictet Asset Management Ltd. lifted its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 13.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,700 shares of the real estate investment trust’s stock after buying an additional 2,500 shares during the quarter. Pictet Asset Management Ltd.’s holdings in Xenia Hotels & Resorts were worth $432,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of XHR. Versant Capital Management Inc acquired a new stake in Xenia Hotels & Resorts in the second quarter worth $37,000. Steward Partners Investment Advisory LLC acquired a new position in shares of Xenia Hotels & Resorts during the second quarter valued at about $45,000. Coastal Investment Advisors Inc. acquired a new position in shares of Xenia Hotels & Resorts during the second quarter valued at about $72,000. Bremer Bank National Association acquired a new position in shares of Xenia Hotels & Resorts during the first quarter valued at about $103,000. Finally, CWM LLC grew its holdings in shares of Xenia Hotels & Resorts by 11.8% during the second quarter. CWM LLC now owns 4,925 shares of the real estate investment trust’s stock valued at $103,000 after buying an additional 520 shares during the last quarter. Institutional investors own 87.54% of the company’s stock.
A number of research analysts have recently issued reports on XHR shares. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday. KeyCorp assumed coverage on shares of Xenia Hotels & Resorts in a report on Tuesday, June 25th. They set an “overweight” rating and a $24.00 price objective for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $22.50.
Shares of XHR traded up $0.07 during trading hours on Friday, reaching $21.41. 5,624 shares of the stock traded hands, compared to its average volume of 457,682. The company has a current ratio of 2.40, a quick ratio of 2.40 and a debt-to-equity ratio of 0.64. The stock has a fifty day simple moving average of $20.73 and a 200 day simple moving average of $21.10. Xenia Hotels & Resorts Inc has a 52 week low of $16.47 and a 52 week high of $24.01. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 9.72, a PEG ratio of 2.05 and a beta of 1.03.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $304.30 million for the quarter, compared to analyst estimates of $292.57 million. Xenia Hotels & Resorts had a net margin of 12.44% and a return on equity of 7.82%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm earned $0.66 earnings per share. Analysts predict that Xenia Hotels & Resorts Inc will post 2.08 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.14%. The ex-dividend date of this dividend is Friday, September 27th. Xenia Hotels & Resorts’s dividend payout ratio is 49.55%.
About Xenia Hotels & Resorts
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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