Teacher Retirement System of Texas Sells 51,667 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Teacher Retirement System of Texas lowered its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 39.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 79,221 shares of the real estate investment trust's stock after selling 51,667 shares during the period. Teacher Retirement System of Texas owned about 0.08% of Xenia Hotels & Resorts worth $932,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GF Fund Management CO. LTD. acquired a new stake in Xenia Hotels & Resorts in the 4th quarter valued at approximately $28,000. Creekmur Asset Management LLC acquired a new stake in Xenia Hotels & Resorts in the 4th quarter valued at approximately $30,000. Lazard Asset Management LLC acquired a new stake in Xenia Hotels & Resorts in the 4th quarter valued at approximately $47,000. Dark Forest Capital Management LP acquired a new stake in Xenia Hotels & Resorts in the 4th quarter valued at approximately $157,000. Finally, Two Sigma Securities LLC acquired a new stake in Xenia Hotels & Resorts in the 4th quarter valued at approximately $175,000. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Price Performance

Shares of XHR traded up $0.01 during trading hours on Friday, hitting $12.80. 416,704 shares of the company were exchanged, compared to its average volume of 929,269. The company has a market capitalization of $1.26 billion, a PE ratio of 58.16 and a beta of 1.64. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.95 and a quick ratio of 1.95. The firm has a fifty day simple moving average of $12.41 and a 200-day simple moving average of $12.70. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50.

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. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The business had revenue of $288.93 million during the quarter, compared to analysts' expectations of $276.51 million. During the same quarter last year, the firm posted $0.44 earnings per share. Xenia Hotels & Resorts's revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.14 per share. The ex-dividend date was Monday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 4.38%. Xenia Hotels & Resorts's dividend payout ratio is 254.55%.

Analysts Set New Price Targets

XHR has been the topic of several analyst reports. KeyCorp lowered their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Wall Street Zen upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. Morgan Stanley lowered their price target on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Wells Fargo & Company raised their price objective on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note 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 MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.