IFP Advisors Inc Sells 4,935 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

IFP Advisors Inc lessened its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 56.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,882 shares of the real estate investment trust’s stock after selling 4,935 shares during the quarter. IFP Advisors Inc’s holdings in Xenia Hotels & Resorts were worth $46,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $28,000. Allworth Financial LP boosted its position in Xenia Hotels & Resorts by 231.4% during the first quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,798 shares during the last quarter. Lazard Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the fourth quarter valued at approximately $47,000. Dark Forest Capital Management LP bought a new position in Xenia Hotels & Resorts in the fourth quarter valued at approximately $157,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $175,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $12.70 on Friday. The firm’s fifty day moving average price is $12.58 and its two-hundred day moving average price is $12.59. The stock has a market cap of $1.25 billion, a PE ratio of 57.73 and a beta of 1.64. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.95 and a current ratio of 1.95. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two 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 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $288.93 million for the quarter, compared to the consensus estimate of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.44 EPS. On average, equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts announced that its board has approved a share buyback plan on Wednesday, May 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend was Monday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio is currently 254.55%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on XHR shares. 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 research note on Wednesday, April 9th. Wells Fargo & Company upped their price target on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Morgan Stanley cut 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 research note on Tuesday, April 22nd. Finally, Wall Street Zen raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research 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 given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target 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.