Inspire Investing LLC Reduces Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Inspire Investing LLC lessened its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 8.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 27,865 shares of the real estate investment trust’s stock after selling 2,473 shares during the period. Inspire Investing LLC’s holdings in Xenia Hotels & Resorts were worth $412,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wellington Management Group LLP increased its position in Xenia Hotels & Resorts by 2.8% during the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock valued at $138,067,000 after acquiring an additional 278,686 shares during the last quarter. HighPoint Advisor Group LLC purchased a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth about $317,000. Los Angeles Capital Management LLC bought a new position in Xenia Hotels & Resorts during the 1st quarter valued at about $380,000. Diversified Trust Co raised its position in Xenia Hotels & Resorts by 2.5% in the 1st quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 730 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in Xenia Hotels & Resorts by 36.0% in the first quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock worth $823,000 after purchasing an additional 14,516 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Xenia Hotels & Resorts Price Performance

Shares of XHR stock opened at $14.99 on Friday. Xenia Hotels & Resorts, Inc. has a twelve month low of $10.92 and a twelve month high of $15.84. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. The stock has a fifty day simple moving average of $14.14 and a two-hundred day simple moving average of $14.24. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 78.89 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $272.90 million for the quarter, compared to the consensus estimate of $275.66 million. During the same quarter in the previous year, the company earned $0.47 earnings per share. The firm’s revenue was up .7% on a year-over-year basis. On average, analysts predict that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 3.20%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 252.63%.

About Xenia Hotels & Resorts

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.