175,000 Shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR) Purchased by Employees Retirement System of Texas

Employees Retirement System of Texas acquired a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 175,000 shares of the real estate investment trust's stock, valued at approximately $2,601,000. Employees Retirement System of Texas owned 0.17% of Xenia Hotels & Resorts as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the company. Barclays PLC lifted its stake in Xenia Hotels & Resorts by 295.7% during the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock valued at $2,555,000 after purchasing an additional 129,328 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Xenia Hotels & Resorts by 2,492.9% during the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 2,443 shares during the last quarter. KBC Group NV boosted its stake in shares of Xenia Hotels & Resorts by 67.1% during the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock worth $95,000 after acquiring an additional 2,557 shares in the last quarter. abrdn plc grew its holdings in shares of Xenia Hotels & Resorts by 30.6% in the 4th quarter. abrdn plc now owns 26,585 shares of the real estate investment trust's stock worth $401,000 after acquiring an additional 6,232 shares during the last quarter. Finally, Entropy Technologies LP acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $157,000. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 0.4%

Shares of XHR stock traded up $0.05 during trading on Friday, hitting $12.25. 1,037,402 shares of the company were exchanged, compared to its average volume of 820,164. The business's 50-day simple moving average is $11.05 and its 200 day simple moving average is $13.37. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 53.26 and a beta of 1.60. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The company had revenue of $288.93 million during the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter last year, the business posted $0.44 EPS. As a group, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts announced that its board has initiated a stock buyback program on Wednesday, May 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.14 per share. The ex-dividend date is Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 4.57%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 254.55%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Wall Street Zen upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Morgan Stanley cut their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. KeyCorp decreased their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Finally, Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $13.50.

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.