Nisa Investment Advisors LLC Sells 1,960 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Nisa Investment Advisors LLC trimmed its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 5.7% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,177 shares of the real estate investment trust’s stock after selling 1,960 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $383,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $28,000. Creekmur Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $30,000. Lazard Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $47,000. Dark Forest Capital Management LP bought a new stake in Xenia Hotels & Resorts during the 4th quarter worth about $157,000. Finally, Two Sigma Securities LLC bought a new stake in Xenia Hotels & Resorts during the 4th quarter worth about $175,000. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Price Performance

Xenia Hotels & Resorts stock opened at $12.96 on Thursday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 58.89 and a beta of 1.64. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50. The business has a 50-day moving average of $12.38 and a 200-day moving average of $12.72. 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 posted its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.09. The company had revenue of $288.93 million during the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.80% and a net margin of 2.19%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 EPS. On average, equities analysts anticipate 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 stock buyback plan on Wednesday, May 14th that allows the company to repurchase $100.00 million in 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 generally a sign that the company’s board believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 4.32%. Xenia Hotels & Resorts’s payout ratio is currently 254.55%.

Wall Street Analysts Forecast Growth

XHR has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an “overweight” rating in a report on Tuesday, July 1st. Jefferies Financial Group cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Morgan Stanley dropped their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, April 22nd. KeyCorp dropped their price objective on 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 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 MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.90.

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.