Squarepoint Ops LLC Acquires Shares of 37,235 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.

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after buying an additional 30,186 shares during the last quarter. Millennium Management LLC raised its position in Xenia Hotels & Resorts by 3.0% in the fourth quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust's stock worth $26,820,000 after acquiring an additional 52,690 shares during the period. JPMorgan Chase & Co. raised its position in 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 stake 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. Finally, Alyeska Investment Group L.P. grew 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 acquiring an additional 1,193,990 shares during the period. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock traded up $0.21 during trading hours on Friday, reaching $12.18. The company had a trading volume of 244,180 shares, compared to its average volume of 817,628. The firm has a market cap of $1.20 billion, a PE ratio of 53.02 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. 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 business has a fifty day simple moving average of $11.05 and a 200 day simple moving average of $13.29.

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 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $288.93 million during the quarter, compared to the consensus estimate of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. On average, analysts anticipate 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 authorized a stock repurchase 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 purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors 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 dividend payout ratio (DPR) is presently 254.55%.

Wall Street Analyst Weigh In

XHR has been the topic of a number of research reports. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. Wells Fargo & Company cut their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. KeyCorp lowered their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, Morgan Stanley dropped their price objective 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target 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.