Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Purchased by XTX Topco Ltd

XTX Topco Ltd raised its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 10.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,610 shares of the real estate investment trust’s stock after purchasing an additional 2,137 shares during the quarter. XTX Topco Ltd’s holdings in Xenia Hotels & Resorts were worth $266,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new position in Xenia Hotels & Resorts during the 4th quarter worth about $28,000. Allworth Financial LP increased its stake 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 worth $30,000 after purchasing an additional 1,798 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth about $47,000. Dark Forest Capital Management LP purchased a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $157,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $175,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR opened at $12.53 on Tuesday. The stock’s 50-day simple moving average is $12.70 and its 200-day simple moving average is $12.44. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market capitalization of $1.20 billion, a PE ratio of 19.88 and a beta of 1.72. 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 issued its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%. The company had revenue of $287.58 million for the quarter, compared to analyst estimates of $273.43 million. During the same quarter last year, the company posted $0.52 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. As a group, equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The business 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 annualized dividend and a dividend yield of 4.5%. The ex-dividend date was Monday, June 30th. Xenia Hotels & Resorts’s payout ratio is presently 88.89%.

Xenia Hotels & Resorts declared that its Board of Directors has initiated a stock 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 generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several equities analysts have commented on XHR shares. Morgan Stanley dropped 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. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an “overweight” rating in a report on Tuesday, July 1st. Finally, Wall Street Zen downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $12.25.

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.