AQR Capital Management LLC Sells 15,467 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

AQR Capital Management LLC trimmed its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 18.1% during the second quarter, Holdings Channel.com reports. The firm owned 69,845 shares of the real estate investment trust’s stock after selling 15,467 shares during the period. AQR Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $1,001,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Diversified Trust Co raised its holdings in Xenia Hotels & Resorts by 2.5% during the first quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock worth $456,000 after buying an additional 730 shares during the last quarter. ProShare Advisors LLC lifted its position in Xenia Hotels & Resorts by 5.7% in the 1st quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 1,143 shares in the last quarter. Daiwa Securities Group Inc. boosted its stake in Xenia Hotels & Resorts by 5.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the real estate investment trust’s stock valued at $513,000 after purchasing an additional 1,672 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in Xenia Hotels & Resorts by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 1,699 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts in the second quarter worth approximately $25,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. B. Riley cut their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $15.30.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $14.91 on Friday. The business’s fifty day simple moving average is $13.96 and its 200 day simple moving average is $14.25. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts, Inc. has a 12 month low of $10.92 and a 12 month high of $15.84. The firm has a market capitalization of $1.52 billion, a P/E ratio of 67.77 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The company had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $275.66 million. During the same period last year, the firm posted $0.47 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was up .7% compared to the same quarter last year. As a group, analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.22%. Xenia Hotels & Resorts’s payout ratio is currently 218.18%.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.