Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,804,855 shares of the real estate investment trust's stock after acquiring an additional 52,690 shares during the quarter. Millennium Management LLC owned approximately 1.77% of Xenia Hotels & Resorts worth $26,820,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of XHR. Alyeska Investment Group L.P. raised its stake in Xenia Hotels & Resorts by 258.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock worth $24,599,000 after acquiring an additional 1,193,990 shares during the period. Mesirow Institutional Investment Management Inc. bought a new position in Xenia Hotels & Resorts in the 4th quarter worth about $15,982,000. Invesco Ltd. grew its position in Xenia Hotels & Resorts by 73.5% in the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock worth $16,743,000 after purchasing an additional 477,231 shares during the last quarter. Northern Trust Corp grew its position in Xenia Hotels & Resorts by 37.5% in the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock worth $24,833,000 after purchasing an additional 455,757 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new position in Xenia Hotels & Resorts in the 4th quarter worth about $6,218,000. Institutional investors and hedge funds own 92.43% of the company's stock.

Analyst Ratings Changes

XHR has been the subject of several recent analyst reports. Morgan Stanley decreased their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. Wall Street Zen upgraded shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, KeyCorp decreased their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $13.50.

Xenia Hotels & Resorts Price Performance

Shares of Xenia Hotels & Resorts stock traded up $0.08 on Thursday, hitting $11.69. The company had a trading volume of 798,710 shares, compared to its average volume of 818,559. The business has a 50-day simple moving average of $11.13 and a 200-day simple moving average of $13.50. 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 company has a market cap of $1.15 billion, a PE ratio of 50.81 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50.

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

Xenia Hotels & Resorts announced that its board has approved a stock repurchase plan on Wednesday, May 14th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's board of directors believes its shares are undervalued.

Xenia Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Monday, June 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 254.55%.

Xenia Hotels & Resorts 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.