Concurrent Investment Advisors LLC Invests $214,000 in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Concurrent Investment Advisors LLC bought a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 18,205 shares of the real estate investment trust’s stock, valued at approximately $214,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. GF Fund Management CO. LTD. bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth about $28,000. Creekmur Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth about $30,000. Lazard Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth about $47,000. Dark Forest Capital Management LP bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth about $157,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $175,000. Institutional investors own 92.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. Morgan Stanley decreased their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, April 22nd. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. KeyCorp decreased their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Finally, Wall Street Zen raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, May 5th. One investment 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. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $12.90.

Xenia Hotels & Resorts Trading Down 0.9%

Xenia Hotels & Resorts stock opened at $13.14 on Friday. The company has a quick ratio of 1.95, a current ratio of 1.95 and a debt-to-equity ratio of 1.14. The firm has a 50-day moving average price of $12.28 and a two-hundred day moving average price of $12.74. The firm has a market capitalization of $1.30 billion, a price-to-earnings ratio of 59.73 and a beta of 1.64. 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) last posted its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The firm had revenue of $288.93 million during the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. Xenia Hotels & Resorts’s revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 EPS. Sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts announced that its board has approved a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.26%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 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.