Lazard Asset Management LLC Takes $1.66 Million Position in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Lazard Asset Management acquired 111,662 shares of Xenia Hotels & Resorts in the first quarter, valued at approximately $1.66 million. Institutional investors collectively own 92.43% of the REIT.
• Wall Street analysts maintain a generally positive outlook, with three Buy ratings and one Hold rating; the consensus rating is “Moderate Buy” with an average price target of $20.25.
• Xenia reported quarterly EPS of $0.21, exceeding estimates of $0.18, while revenue rose 2.2% year over year to $295.41 million. The company also paid a $0.14 quarterly dividend, representing a 2.7% yield.

Lazard Asset Management LLC bought a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 111,662 shares of the real estate investment trust's stock, valued at approximately $1,656,000. Lazard Asset Management LLC owned 0.12% of Xenia Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of XHR. Transamerica Financial Advisors LLC lifted its holdings in shares of Xenia Hotels & Resorts by 459.8% during the 4th quarter. Transamerica Financial Advisors LLC now owns 1,948 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 1,600 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Xenia Hotels & Resorts in the 4th quarter worth approximately $33,000. Harbor Capital Advisors Inc. grew its position in Xenia Hotels & Resorts by 152.3% in the fourth quarter. Harbor Capital Advisors Inc. now owns 3,017 shares of the real estate investment trust's stock valued at $43,000 after acquiring an additional 1,821 shares in the last quarter. Mcguire Capital Advisors Inc. acquired a new stake in Xenia Hotels & Resorts in the fourth quarter valued at approximately $55,000. Finally, Hantz Financial Services Inc. raised its stake in shares of Xenia Hotels & Resorts by 42.4% during the fourth quarter. Hantz Financial Services Inc. now owns 5,730 shares of the real estate investment trust's stock valued at $81,000 after purchasing an additional 1,707 shares during the period. Institutional investors and hedge funds own 92.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XHR. Wells Fargo & Company raised their target price on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. BMO Capital Markets reiterated an "outperform" rating and issued a $21.00 price target on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. KeyCorp increased their price target on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an "overweight" rating in a report on Thursday, June 11th. Finally, Weiss Ratings lowered Xenia Hotels & Resorts from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $20.25.

Xenia Hotels & Resorts Trading Down 0.4%

NYSE:XHR opened at $20.50 on Tuesday. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.47 and a quick ratio of 2.47. Xenia Hotels & Resorts, Inc. has a 12-month low of $11.75 and a 12-month high of $22.06. The business has a 50 day simple moving average of $19.81 and a 200 day simple moving average of $17.03. The firm has a market capitalization of $1.89 billion, a P/E ratio of -292.89 and a beta of 1.15.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings data on Friday, May 1st. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.03. Xenia Hotels & Resorts had a negative net margin of 0.66% and a negative return on equity of 0.61%. The business had revenue of $295.41 million during the quarter, compared to analysts' expectations of $291.33 million. During the same period last year, the firm posted $0.51 earnings per share. The business's revenue was up 2.2% on a year-over-year basis. Equities research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Tuesday, June 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently -800.00%.

Insider Buying and Selling at Xenia Hotels & Resorts

In other news, insider Atish Shah sold 120,000 shares of the firm's stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $17.00, for a total value of $2,040,000.00. Following the completion of the sale, the insider owned 250,805 shares of the company's stock, valued at $4,263,685. This trade represents a 32.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 4.40% of the stock is currently owned by company insiders.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company's portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.

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