Bank of New York Mellon Corp Cuts Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Bank of New York Mellon Corp trimmed its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 5.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 844,885 shares of the real estate investment trust's stock after selling 48,353 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.83% of Xenia Hotels & Resorts worth $9,936,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $30,000. Lazard Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $47,000. Dark Forest Capital Management LP bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $157,000. Finally, Two Sigma Securities LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $175,000. 92.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on XHR shares. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Finally, Morgan Stanley cut their target price 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. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.90.

Xenia Hotels & Resorts Trading Up 1.1%

Shares of XHR stock traded up $0.15 during trading hours on Friday, hitting $13.26. 944,397 shares of the company's stock traded hands, compared to its average volume of 1,191,735. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The stock's 50 day simple moving average is $12.52 and its 200 day simple moving average is $12.63. The stock has a market cap of $1.31 billion, a PE ratio of 60.25 and a beta of 1.64. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.14.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The business had revenue of $288.93 million during the quarter, compared to the consensus estimate of $276.51 million. During the same quarter last year, the firm earned $0.44 earnings per share. Xenia Hotels & Resorts's quarterly revenue was up 8.0% on a year-over-year basis. On average, sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend was Monday, June 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 254.55%.

Xenia Hotels & Resorts declared that its Board of Directors has initiated a share repurchase plan on Wednesday, May 14th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

About Xenia Hotels & Resorts

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.