GSA Capital Partners LLP Invests $789,000 in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

GSA Capital Partners LLP acquired a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 67,120 shares of the real estate investment trust’s stock, valued at approximately $789,000. GSA Capital Partners LLP owned about 0.07% of Xenia Hotels & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of XHR. Millennium Management LLC grew its position in shares of Xenia Hotels & Resorts by 3.0% in the 4th quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust’s stock valued at $26,820,000 after buying an additional 52,690 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Xenia Hotels & Resorts by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust’s stock worth $26,580,000 after acquiring an additional 126,193 shares during the period. Northern Trust Corp boosted its holdings in Xenia Hotels & Resorts by 37.5% in 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 acquiring an additional 455,757 shares during the last quarter. 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 valued at $24,599,000 after purchasing an additional 1,193,990 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Xenia Hotels & Resorts by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust’s stock worth $21,576,000 after purchasing an additional 3,748 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Trading Down 1.9%

NYSE:XHR opened at $12.47 on Friday. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.95 and a quick ratio of 1.95. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The company has a market cap of $1.23 billion, a PE ratio of 56.68 and a beta of 1.72. The firm has a 50-day moving average of $12.62 and a 200-day moving average of $12.56.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.14. The firm had revenue of $287.58 million during the quarter, compared to analyst estimates of $273.43 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 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 EPS. As a group, equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Monday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio is presently 254.55%.

Xenia Hotels & Resorts declared that its Board of Directors has authorized a stock repurchase plan 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 plans are generally an indication that the company’s management believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Morgan Stanley dropped their target price on shares of 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 downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Finally, Wall Street Zen downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.