Cubist Systematic Strategies LLC acquired a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 73,532 shares of the real estate investment trust's stock, valued at approximately $1,054,000. Cubist Systematic Strategies LLC owned 0.07% of Xenia Hotels & Resorts as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth about $9,787,000. Federated Hermes Inc. increased its holdings in Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust's stock valued at $5,027,000 after buying an additional 350,638 shares during the last quarter. Mutual of America Capital Management LLC increased its holdings in Xenia Hotels & Resorts by 1,602.7% in the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust's stock valued at $4,422,000 after buying an additional 290,469 shares during the last quarter. Wellington Management Group LLP increased its holdings in Xenia Hotels & Resorts by 2.8% in 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 buying an additional 278,686 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Xenia Hotels & Resorts in the fourth quarter valued at about $3,405,000. Hedge funds and other institutional investors own 92.43% of the company's stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on the company. Wells Fargo & Company raised Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley lowered their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a "neutral" rating for the company in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of "Hold" and a consensus price target of $15.30.
Check Out Our Latest Stock Report on XHR
Xenia Hotels & Resorts Stock Performance
Shares of NYSE:XHR traded down $0.38 during trading on Thursday, hitting $14.74. 1,031,438 shares of the company traded hands, compared to its average volume of 826,492. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 77.58 and a beta of 1.51. The business's fifty day moving average is $13.83 and its 200-day moving average is $14.25. Xenia Hotels & Resorts, Inc. has a one year low of $10.92 and a one year high of $15.84. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $272.90 million for the quarter, compared to analyst estimates of $275.66 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The business's quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.54 earnings per share for the current fiscal year.
Xenia Hotels & Resorts Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.26%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is 252.63%.
Xenia Hotels & Resorts Profile
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Free Report)
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.
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