Xenia Hotels & Resorts, Inc. $XHR Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 69.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 77,450 shares of the real estate investment trust’s stock after selling 176,684 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.08% of Xenia Hotels & Resorts worth $1,399,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Asset Management One Co. Ltd. grew its position in shares of Xenia Hotels & Resorts by 3.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 128,027 shares of the real estate investment trust’s stock valued at $2,312,000 after acquiring an additional 4,758 shares during the period. Park Avenue Securities LLC boosted its position in Xenia Hotels & Resorts by 20.8% during the third quarter. Park Avenue Securities LLC now owns 14,497 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 2,494 shares in the last quarter. Signaturefd LLC boosted its position in Xenia Hotels & Resorts by 363.7% during the third quarter. Signaturefd LLC now owns 3,547 shares of the real estate investment trust’s stock worth $64,000 after purchasing an additional 2,782 shares in the last quarter. James Investment Research Inc. boosted its position in Xenia Hotels & Resorts by 12.2% during the third quarter. James Investment Research Inc. now owns 36,809 shares of the real estate investment trust’s stock worth $665,000 after purchasing an additional 4,000 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in Xenia Hotels & Resorts by 6.3% in the third quarter. Inspire Investing LLC now owns 35,199 shares of the real estate investment trust’s stock valued at $636,000 after purchasing an additional 2,094 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $21.85 on Thursday. The firm has a 50 day simple moving average of $18.70 and a 200-day simple moving average of $17.65. Xenia Hotels & Resorts, Inc. has a 1-year low of $12.51 and a 1-year high of $22.06. The company has a debt-to-equity ratio of 1.18, a current ratio of 2.35 and a quick ratio of 2.47. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of 10.44 and a beta of 1.19.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) EPS for the quarter, beating the consensus estimate of ($0.10) by $0.07. The firm had revenue of $263.83 million for the quarter, compared to analyst estimates of $256.91 million. Xenia Hotels & Resorts had a net margin of 0.34% and a return on equity of 0.33%. The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. On average, analysts expect that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is presently -800.00%.

Analyst Ratings Changes

A number of analysts have recently commented on XHR shares. Weiss Ratings upgraded Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, BMO Capital Markets lowered shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $22.00 to $20.50 in a report on Tuesday, September 1st. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.12.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.