Arizona State Retirement System Sells 1,260 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Arizona State Retirement System cut its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 29,915 shares of the real estate investment trust’s stock after selling 1,260 shares during the quarter. Arizona State Retirement System’s holdings in Xenia Hotels & Resorts were worth $407,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Lazard Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth approximately $31,000. Tower Research Capital LLC TRC increased its holdings in shares of Xenia Hotels & Resorts by 258.7% during the 1st quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the real estate investment trust’s stock worth $56,000 after acquiring an additional 3,089 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $76,000. Retirement Group LLC increased its holdings in shares of Xenia Hotels & Resorts by 1,735.0% during the 4th quarter. Retirement Group LLC now owns 8,955 shares of the real estate investment trust’s stock worth $118,000 after acquiring an additional 8,467 shares during the last quarter. Finally, Point72 Middle East FZE acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $122,000. 92.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XHR has been the topic of a number of recent analyst reports. B. Riley reissued a “neutral” rating and set a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Jefferies Financial Group raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and upped their price objective for the company from $14.00 to $18.00 in a report on Thursday, February 29th. Wolfe Research began coverage on Xenia Hotels & Resorts in a report on Wednesday, January 10th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company upped their price objective on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a report on Thursday, March 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $15.70.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.00 on Friday. The stock has a fifty day moving average price of $14.57 and a 200-day moving average price of $13.32. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 82.35 and a beta of 1.45. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.50. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $10.90 and a fifty-two week high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The company had revenue of $253.38 million for the quarter, compared to the consensus estimate of $253.00 million. Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. As a group, equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio is presently 282.35%.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.