AQR Capital Management LLC raised its stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 5.5% during the fourth quarter, Holdings Channel reports. The fund owned 288,891 shares of the real estate investment trust’s stock after buying an additional 15,140 shares during the period. AQR Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $5,610,000 at the end of the most recent quarter.
Other hedge funds have also bought and sold shares of the company. Teza Capital Management LLC acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at about $195,000. Meeder Asset Management Inc. acquired a new stake in Xenia Hotels & Resorts during the third quarter valued at about $251,000. Two Sigma Investments LP acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at about $396,000. Sigma Planning Corp increased its stake in Xenia Hotels & Resorts by 3.1% in the third quarter. Sigma Planning Corp now owns 22,775 shares of the real estate investment trust’s stock valued at $346,000 after buying an additional 695 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in Xenia Hotels & Resorts by 67.5% in the fourth quarter. GSA Capital Partners LLP now owns 25,596 shares of the real estate investment trust’s stock valued at $497,000 after buying an additional 10,313 shares during the last quarter. 60.28% of the stock is owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Inc (NYSE:XHR) opened at 17.10 on Monday. Xenia Hotels & Resorts Inc has a 12-month low of $14.49 and a 12-month high of $19.87. The stock has a market capitalization of $1.83 billion, a P/E ratio of 21.65 and a beta of 0.84. The firm’s 50-day moving average is $17.79 and its 200-day moving average is $17.29.
Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, February 28th. The real estate investment trust reported $0.55 EPS for the quarter, beating analysts’ consensus estimates of $0.12 by $0.43. The company earned $219.80 million during the quarter, compared to the consensus estimate of $223.78 million. Xenia Hotels & Resorts had a return on equity of 5.93% and a net margin of 10.07%. The company’s quarterly revenue was down 11.6% on a year-over-year basis. Analysts predict that Xenia Hotels & Resorts Inc will post $0.43 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Friday, March 31st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, March 29th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.43%. Xenia Hotels & Resorts’s dividend payout ratio is presently 122.22%.
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Several analysts recently issued reports on the stock. Nomura initiated coverage on shares of Xenia Hotels & Resorts in a research report on Wednesday, December 14th. They issued a “buy” rating and a $22.00 price target for the company. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, March 8th. Wells Fargo & Co downgraded shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, December 13th. Finally, Instinet initiated coverage on shares of Xenia Hotels & Resorts in a report on Wednesday, December 14th. They set a “buy” rating and a $22.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Xenia Hotels & Resorts presently has an average rating of “Hold” and an average target price of $18.50.
In other news, insider Marcel Verbaas acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, March 7th. The stock was acquired at an average price of $17.03 per share, for a total transaction of $85,150.00. Following the completion of the acquisition, the insider now owns 46,846 shares in the company, valued at $797,787.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey H. Donahue acquired 28,582 shares of the firm’s stock in a transaction on Friday, March 3rd. The stock was purchased at an average price of $17.50 per share, with a total value of $500,185.00. Following the acquisition, the director now owns 30,927 shares of the company’s stock, valued at approximately $541,222.50. The disclosure for this purchase can be found here. 0.31% of the stock is owned by corporate insiders.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
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