Algert Global LLC Acquires New Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Algert Global LLC bought a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 10,275 shares of the real estate investment trust’s stock, valued at approximately $147,000.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter worth $25,000. EntryPoint Capital LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $135,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at approximately $164,000. AdvisorShares Investments LLC acquired a new position in Xenia Hotels & Resorts in the second quarter worth approximately $164,000. Finally, Signature Estate & Investment Advisors LLC bought a new position in Xenia Hotels & Resorts during the second quarter valued at approximately $167,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Analyst Ratings Changes

XHR has been the subject of several recent research reports. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley lowered their target price on shares of 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $15.30.

Xenia Hotels & Resorts Price Performance

Shares of Xenia Hotels & Resorts stock opened at $14.81 on Friday. Xenia Hotels & Resorts, Inc. has a 1-year low of $10.92 and a 1-year high of $15.84. The firm has a fifty day simple moving average of $13.93 and a 200-day simple moving average of $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. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 77.95 and a beta of 1.51.

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

Xenia Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.24%. Xenia Hotels & Resorts’s payout ratio is 252.63%.

Xenia Hotels & Resorts Company 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.