Teacher Retirement System of Texas Sells 51,667 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Teacher Retirement System of Texas lessened its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 39.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 79,221 shares of the real estate investment trust’s stock after selling 51,667 shares during the period. Teacher Retirement System of Texas owned 0.08% of Xenia Hotels & Resorts worth $932,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. increased its position in Xenia Hotels & Resorts by 1.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust’s stock worth $35,102,000 after buying an additional 30,186 shares during the period. Millennium Management LLC increased its position in Xenia Hotels & Resorts by 3.0% during the 4th quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust’s stock worth $26,820,000 after buying an additional 52,690 shares during the period. JPMorgan Chase & Co. increased its position in Xenia Hotels & Resorts by 7.6% during the 4th quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust’s stock worth $26,580,000 after buying an additional 126,193 shares during the period. Northern Trust Corp increased its position in Xenia Hotels & Resorts by 37.5% during 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 buying an additional 455,757 shares during the period. Finally, Alyeska Investment Group L.P. increased its position in Xenia Hotels & Resorts by 258.8% during the 4th 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 buying an additional 1,193,990 shares during the period. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock opened at $13.24 on Tuesday. The business’s 50-day moving average price is $12.28 and its 200-day moving average price is $12.72. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The firm has a market capitalization of $1.31 billion, a price-to-earnings ratio of 60.16 and a beta of 1.64. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.14.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The firm had revenue of $288.93 million for the quarter, compared to analyst estimates of $276.51 million. During the same period last year, the firm posted $0.44 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts declared that its Board of Directors has initiated a share buyback program on Wednesday, May 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

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 given a dividend of $0.14 per share. The ex-dividend date is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.23%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 254.55%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their target price for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Wall Street Zen raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, May 5th. KeyCorp reduced their target price on 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, Morgan Stanley reduced their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Xenia Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $12.90.

About Xenia Hotels & Resorts

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.