GSA Capital Partners LLP acquired a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,120 shares of the real estate investment trust's stock, valued at approximately $789,000. GSA Capital Partners LLP owned about 0.07% of Xenia Hotels & Resorts as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of XHR. Millennium Management LLC grew its position in shares of Xenia Hotels & Resorts by 3.0% in the 4th quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust's stock valued at $26,820,000 after buying an additional 52,690 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Xenia Hotels & Resorts by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock worth $26,580,000 after acquiring an additional 126,193 shares during the period. Northern Trust Corp boosted its holdings in Xenia Hotels & Resorts by 37.5% in the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after acquiring an additional 455,757 shares during the last quarter. Alyeska Investment Group L.P. increased its position in Xenia Hotels & Resorts by 258.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock valued at $24,599,000 after purchasing an additional 1,193,990 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Xenia Hotels & Resorts by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust's stock worth $21,576,000 after purchasing an additional 3,748 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Trading Down 1.9%
NYSE:XHR opened at $12.47 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.95 and a quick ratio of 1.95. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The company has a market cap of $1.23 billion, a PE ratio of 56.68 and a beta of 1.72. The firm has a 50-day moving average of $12.62 and a 200-day moving average of $12.56.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $287.58 million during the quarter, compared to analyst estimates of $273.43 million. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The company's revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. As a group, equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.
Xenia Hotels & Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 30th. Xenia Hotels & Resorts's dividend payout ratio is presently 254.55%.
Xenia Hotels & Resorts declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, May 14th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.
Wall Street Analyst Weigh In
A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective 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 target price 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. Jefferies Financial Group downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Finally, Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $12.90.
View Our Latest Research Report on XHR
Xenia Hotels & Resorts Profile
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report).

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