Teacher Retirement System of Texas increased its stake in Xenia Hotels & Resorts Inc. (NYSE:XHR) by 20.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,642 shares of the real estate investment trust’s stock after buying an additional 2,615 shares during the period. Teacher Retirement System of Texas’ holdings in Xenia Hotels & Resorts were worth $262,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in Xenia Hotels & Resorts by 1,336.3% in the first quarter. JPMorgan Chase & Co. now owns 682,905 shares of the real estate investment trust’s stock valued at $10,667,000 after buying an additional 635,359 shares during the period. Emerald Acquisition Ltd. purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter worth approximately $7,591,000. Boston Advisors LLC purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter worth approximately $5,232,000. American Century Companies Inc. raised its stake in shares of Xenia Hotels & Resorts by 231.4% in the second quarter. American Century Companies Inc. now owns 277,631 shares of the real estate investment trust’s stock worth $4,659,000 after buying an additional 193,859 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the first quarter worth approximately $2,708,000. 57.52% of the stock is owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Inc. (NYSE:XHR) opened at 15.50 on Monday. The firm has a market cap of $1.67 billion, a P/E ratio of 17.84 and a beta of 0.71. The firm’s 50-day moving average price is $15.80 and its 200-day moving average price is $16.25. Xenia Hotels & Resorts Inc. has a 1-year low of $12.10 and a 1-year high of $19.04.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.65. Xenia Hotels & Resorts had a net margin of 9.71% and a return on equity of 7.57%. The business earned $261.38 million during the quarter, compared to analyst estimates of $257.99 million. During the same period in the prior year, the business posted $0.57 earnings per share. The company’s revenue was up 4.0% on a year-over-year basis. Equities research analysts anticipate that Xenia Hotels & Resorts Inc. will post $2.21 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, October 14th. Stockholders of record on Friday, September 30th were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 7.10%. Xenia Hotels & Resorts’s dividend payout ratio is currently 126.44%.
A number of brokerages recently commented on XHR. Zacks Investment Research lowered Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th. Raymond James Financial Inc. began coverage on Xenia Hotels & Resorts in a research report on Tuesday, July 26th. They issued a “market perform” rating for the company. Finally, TheStreet raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, June 20th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $17.67.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
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