JPMorgan Chase & Co. reduced its position in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 8.1% in the first quarter, according to its most recent filing with the SEC. The fund owned 1,569,637 shares of the real estate investment trust’s stock after selling 137,697 shares during the quarter. JPMorgan Chase & Co. owned about 1.39% of Xenia Hotels & Resorts worth $34,391,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of XHR. Norges Bank bought a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at approximately $23,694,000. Vanguard Group Inc boosted its position in shares of Xenia Hotels & Resorts by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 18,394,603 shares of the real estate investment trust’s stock valued at $435,952,000 after acquiring an additional 539,298 shares during the last quarter. Arizona State Retirement System purchased a new stake in Xenia Hotels & Resorts during the 1st quarter valued at $3,834,000. Rhumbline Advisers raised its holdings in Xenia Hotels & Resorts by 94.4% during the 1st quarter. Rhumbline Advisers now owns 349,463 shares of the real estate investment trust’s stock valued at $7,657,000 after buying an additional 169,710 shares during the period. Finally, LSV Asset Management raised its holdings in Xenia Hotels & Resorts by 3.1% during the 4th quarter. LSV Asset Management now owns 4,777,577 shares of the real estate investment trust’s stock valued at $82,174,000 after buying an additional 143,100 shares during the period. Hedge funds and other institutional investors own 87.34% of the company’s stock.
NYSE:XHR traded down $0.60 during midday trading on Friday, hitting $20.96. 1,086,313 shares of the company traded hands, compared to its average volume of 597,941. Xenia Hotels & Resorts Inc has a 12-month low of $16.47 and a 12-month high of $25.16. The firm has a market capitalization of $2.43 billion, a PE ratio of 9.44, a PEG ratio of 2.09 and a beta of 1.07. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.26 and a current ratio of 2.26.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Xenia Hotels & Resorts had a return on equity of 8.48% and a net margin of 14.23%. The company had revenue of $293.69 million for the quarter, compared to analyst estimates of $276.03 million. During the same quarter in the prior year, the firm posted $0.53 EPS. Xenia Hotels & Resorts’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Xenia Hotels & Resorts Inc will post 2.06 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be issued a dividend of $0.275 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.10 annualized dividend and a yield of 5.25%. Xenia Hotels & Resorts’s payout ratio is presently 49.55%.
Several research firms recently weighed in on XHR. Zacks Investment Research lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday, February 22nd. B. Riley set a $24.00 price target on Xenia Hotels & Resorts and gave the company a “hold” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the stock. Xenia Hotels & Resorts has an average rating of “Hold” and a consensus target price of $22.50.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
Recommended Story: Stock Symbols Definition, Examples, Lookup
Receive News & Ratings for Xenia Hotels & Resorts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com’s FREE daily email newsletter.