Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has acquired 180,117 shares of Xenia Hotels & Resorts, valued at approximately $2.1 million, amounting to 0.18% ownership of the company.
• Numerous institutional investors, including Millennium Management LLC and Northern Trust Corp, have recently increased their stakes in Xenia Hotels & Resorts, highlighting strong interest in the company.
• Xenia Hotels & Resorts has declared a quarterly dividend of $0.14 per share, representing an annualized yield of 4.42%, while also initiating a stock buyback program of up to $100 million.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 180,117 shares of the real estate investment trust's stock, valued at approximately $2,118,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.18% of Xenia Hotels & Resorts as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth approximately $28,000. Creekmur Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth approximately $30,000. Allworth Financial LP increased its position 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 valued at $30,000 after purchasing an additional 1,798 shares during the period. Lazard Asset Management LLC purchased a new position in Xenia Hotels & Resorts during the 4th quarter valued at $47,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at $157,000. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR traded down $0.24 during mid-day trading on Friday, reaching $12.47. The company's stock had a trading volume of 1,712,532 shares, compared to its average volume of 1,183,905. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The firm's fifty day moving average price is $12.62 and its two-hundred day moving average price is $12.55. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.23 billion, a P/E ratio of 19.79 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate 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 2.19% and a return on equity of 1.80%. The business's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 EPS. On average, equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

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

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.14 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.5%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 254.55%.

Analyst Ratings Changes

Several analysts recently weighed in on XHR shares. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley dropped their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. Finally, Wells Fargo & Company upped their price target on shares of 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 assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and a consensus target price of $12.90.

Xenia Hotels & Resorts Company Profile

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.