Squarepoint Ops LLC Makes New Investment in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Squarepoint Ops LLC bought a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 37,235 shares of the real estate investment trust's stock, valued at approximately $553,000.

Several other large investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its position in shares of Xenia Hotels & Resorts by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock valued at $35,102,000 after purchasing an additional 30,186 shares during the last quarter. Millennium Management LLC increased its position in shares of Xenia Hotels & Resorts by 3.0% during 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 purchasing an additional 52,690 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Xenia Hotels & Resorts by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock valued at $26,580,000 after purchasing an additional 126,193 shares during the last quarter. Northern Trust Corp increased its position in shares of Xenia Hotels & Resorts by 37.5% during the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after purchasing an additional 455,757 shares during the last quarter. Finally, Alyeska Investment Group L.P. increased its position in shares of 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 last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Price Performance

XHR stock traded up $0.22 during mid-day trading on Friday, reaching $12.19. 714,613 shares of the company traded hands, compared to its average volume of 821,205. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $1.20 billion, a P/E ratio of 52.99 and a beta of 1.66. Xenia Hotels & Resorts, Inc. has a 52-week low of $8.55 and a 52-week high of $16.50. The company has a fifty day moving average price of $11.06 and a 200-day moving average price of $13.26.

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

Xenia Hotels & Resorts Announces Dividend

The business also recently announced 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. This represents a $0.56 dividend on an annualized basis and a yield of 4.60%. The ex-dividend date of this dividend is Monday, June 30th. Xenia Hotels & Resorts's payout ratio is presently 254.55%.

Xenia Hotels & Resorts declared that its board has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the real estate investment trust to buy up to 8.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on XHR. Wall Street Zen raised Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Wells Fargo & Company decreased their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Morgan Stanley decreased their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. Finally, KeyCorp decreased their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, March 24th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus 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.