International Assets Investment Management LLC Grows Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

International Assets Investment Management LLC raised its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2,559.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,761 shares of the real estate investment trust’s stock after buying an additional 9,394 shares during the period. International Assets Investment Management LLC’s holdings in Xenia Hotels & Resorts were worth $144,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. acquired a new position in shares of Xenia Hotels & Resorts in the second quarter worth about $25,000. EntryPoint Capital LLC purchased a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at approximately $135,000. Algert Global LLC purchased a new position in shares of Xenia Hotels & Resorts during the 2nd quarter valued at approximately $147,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the first quarter worth $164,000. Finally, AdvisorShares Investments LLC bought a new stake in shares of Xenia Hotels & Resorts in the second quarter worth $164,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on XHR shares. B. Riley decreased their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price target for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.38.

Xenia Hotels & Resorts Stock Down 2.9 %

Shares of NYSE:XHR opened at $14.96 on Friday. The company’s fifty day moving average is $14.50 and its two-hundred day moving average is $14.22. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.26 and a current ratio of 2.26. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.66 and a 1-year high of $15.84. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 68.00 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.33). Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The business had revenue of $236.81 million for the quarter, compared to analyst estimates of $239.25 million. Equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 218.18%.

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.