Xenia Hotels & Resorts Inc (XHR) Holdings Boosted by SG Americas Securities LLC
SG Americas Securities LLC raised its stake in Xenia Hotels & Resorts Inc (NYSE:XHR) by 207.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 21,018 shares of the real estate investment trust’s stock after purchasing an additional 14,182 shares during the period. SG Americas Securities LLC’s holdings in Xenia Hotels & Resorts were worth $442,000 as of its most recent SEC filing.
A number of other institutional investors also recently made changes to their positions in the business. LSV Asset Management purchased a new position in shares of Xenia Hotels & Resorts during the second quarter worth approximately $45,138,000. Prudential Financial Inc. grew its position in Xenia Hotels & Resorts by 80.0% in the 2nd quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock valued at $43,071,000 after buying an additional 988,011 shares during the last quarter. AJO LP grew its position in Xenia Hotels & Resorts by 1,057.6% in the 2nd quarter. AJO LP now owns 560,206 shares of the real estate investment trust’s stock valued at $10,851,000 after buying an additional 511,814 shares during the last quarter. Vanguard Group Inc. grew its position in Xenia Hotels & Resorts by 2.8% in the 2nd quarter. Vanguard Group Inc. now owns 17,851,357 shares of the real estate investment trust’s stock valued at $345,781,000 after buying an additional 478,107 shares during the last quarter. Finally, Hancock Holding Co. purchased a new position in Xenia Hotels & Resorts in the 2nd quarter valued at $7,750,000. Institutional investors own 68.60% of the company’s stock.
A number of research firms have commented on XHR. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. B. Riley reaffirmed a “hold” rating and set a $23.00 price target on shares of Xenia Hotels & Resorts in a research note on Thursday, November 9th. TheStreet raised Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, October 11th. FBR & Co assumed coverage on Xenia Hotels & Resorts in a research note on Friday, October 27th. They set a “neutral” rating and a $23.00 price target for the company. Finally, ValuEngine raised Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a research note on Friday, October 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.86.
Xenia Hotels & Resorts Inc (XHR) traded up $0.05 on Wednesday, reaching $21.51. The company’s stock had a trading volume of 511,400 shares, compared to its average volume of 515,006. The company has a quick ratio of 6.86, a current ratio of 6.86 and a debt-to-equity ratio of 0.78. Xenia Hotels & Resorts Inc has a 52 week low of $16.21 and a 52 week high of $22.30. The stock has a market cap of $2,290.43, a PE ratio of 10.32, a price-to-earnings-growth ratio of 2.24 and a beta of 0.80.
Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.38. Xenia Hotels & Resorts had a return on equity of 8.34% and a net margin of 15.23%. The business had revenue of $223.28 million during the quarter, compared to analysts’ expectations of $219.67 million. During the same quarter in the previous year, the business earned $0.57 EPS. The company’s revenue for the quarter was down 4.6% on a year-over-year basis. equities research analysts predict that Xenia Hotels & Resorts Inc will post 1.92 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Thursday, December 28th. Xenia Hotels & Resorts’s payout ratio is currently 86.61%.
Xenia Hotels & Resorts Profile
Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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