GSA Capital Partners LLP Makes New $789,000 Investment in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Key Points

• GSA Capital Partners LLP invested approximately $789,000 in Xenia Hotels & Resorts, acquiring 67,120 shares in the 1st quarter of the year.
• Xenia Hotels & Resorts reported a $0.57 EPS in its latest quarterly earnings, surpassing analysts' expectations of $0.43 EPS.
• The company has authorized a $100 million stock buyback plan, indicating management's belief that its shares are undervalued.

GSA Capital Partners LLP bought a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 67,120 shares of the real estate investment trust's stock, valued at approximately $789,000. GSA Capital Partners LLP owned 0.07% of Xenia Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth $28,000. Allworth Financial LP grew its holdings in Xenia Hotels & Resorts by 231.4% during the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,798 shares during the period. Lazard Asset Management LLC acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth $47,000. Dark Forest Capital Management LP acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth $157,000. Finally, Two Sigma Securities LLC acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth $175,000. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Down 0.3%

NYSE XHR traded down $0.04 on Tuesday, reaching $12.76. The company had a trading volume of 903,656 shares, compared to its average volume of 950,872. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 20.23 and a beta of 1.72. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.95 and a current ratio of 2.96. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50. The company's fifty day moving average is $12.64 and its 200-day moving average is $12.52.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share 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 net margin of 5.86% and a return on equity of 4.95%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 EPS. On average, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts announced that its Board of Directors has approved a stock 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 generally a sign that the company's board of directors believes its stock is undervalued.

Xenia Hotels & Resorts Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XHR. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday. Morgan Stanley decreased their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. Finally, Wells Fargo & Company boosted their price target on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. One 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. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $12.90.

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.