27,183 Shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR) Bought by Vestcor Inc

Vestcor Inc purchased a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 27,183 shares of the real estate investment trust’s stock, valued at approximately $320,000.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its stake in Xenia Hotels & Resorts by 39.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 320,979 shares of the real estate investment trust’s stock valued at $3,775,000 after acquiring an additional 90,405 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Xenia Hotels & Resorts in the first quarter valued at $789,000. Victory Capital Management Inc. lifted its stake in Xenia Hotels & Resorts by 223.7% in the first quarter. Victory Capital Management Inc. now owns 337,051 shares of the real estate investment trust’s stock valued at $3,964,000 after acquiring an additional 232,918 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in Xenia Hotels & Resorts in the first quarter valued at $214,000. Finally, Asset Management One Co. Ltd. lifted its stake in Xenia Hotels & Resorts by 0.8% in the first quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust’s stock valued at $1,808,000 after acquiring an additional 1,204 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Morgan Stanley dropped their price objective on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $12.90.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $12.80 on Tuesday. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm has a market capitalization of $1.26 billion, a PE ratio of 20.32 and a beta of 1.72. The company’s 50-day moving average is $12.64 and its 200-day moving average is $12.52. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 1.95.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The business had revenue of $287.58 million for the quarter, compared to analyst estimates of $273.43 million. During the same period last year, the firm earned $0.52 earnings per share. Xenia Hotels & Resorts’s revenue for the quarter was up 5.4% compared to the same quarter last year. Equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts declared that its board has approved a share repurchase program on Wednesday, May 14th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 88.89%.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.