Jane Street Group LLC Sells 17,084 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Jane Street Group LLC cut its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 25.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,635 shares of the real estate investment trust’s stock after selling 17,084 shares during the period. Jane Street Group LLC’s holdings in Xenia Hotels & Resorts were worth $752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp grew its holdings in Xenia Hotels & Resorts by 37.5% during the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust’s stock valued at $24,833,000 after purchasing an additional 455,757 shares during the period. Two Sigma Securities LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth $175,000. Adage Capital Partners GP L.L.C. acquired a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at $739,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Xenia Hotels & Resorts by 8.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 87,252 shares of the real estate investment trust’s stock valued at $1,297,000 after buying an additional 6,636 shares during the period. Finally, Dark Forest Capital Management LP bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at $157,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Down 0.6%

XHR stock opened at $11.59 on Monday. 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 stock has a market capitalization of $1.14 billion, a P/E ratio of 50.40 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The business has a 50-day moving average of $11.11 and a 200-day moving average of $13.46.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate of $0.42 by $0.09. The firm had revenue of $288.93 million for the quarter, compared to analysts’ expectations of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.44 EPS. On average, sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Xenia Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date of this dividend is Monday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 254.55%.

Wall Street Analyst Weigh In

Several research firms have weighed in on XHR. Morgan Stanley reduced their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Jefferies Financial Group cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price objective for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. Wall Street Zen raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. KeyCorp dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company reduced their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. 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 company. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $13.50.

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.