32,310 Shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR) Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. bought a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 32,310 shares of the real estate investment trust’s stock, valued at approximately $463,000.

Other institutional investors also recently bought and sold shares of the company. Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at $25,000. VitalStone Financial LLC raised its stake in Xenia Hotels & Resorts by 54.4% in the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 875 shares during the last quarter. Principal Securities Inc. acquired a new stake in Xenia Hotels & Resorts in the fourth quarter worth about $64,000. EntryPoint Capital LLC purchased a new stake in shares of Xenia Hotels & Resorts during the first quarter worth about $135,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts during the first quarter valued at about $164,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Down 0.4 %

XHR stock opened at $15.15 on Friday. The company has a market capitalization of $1.54 billion, a P/E ratio of 79.74 and a beta of 1.51. The firm’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $14.27. Xenia Hotels & Resorts, Inc. has a 12 month low of $10.92 and a 12 month high of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The company had revenue of $272.90 million for the quarter, compared to analyst estimates of $275.66 million. During the same period in the prior year, the business posted $0.47 earnings per share. Xenia Hotels & Resorts’s revenue for the quarter was up .7% on a year-over-year basis. As a group, equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.54 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a $0.12 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.17%. Xenia Hotels & Resorts’s payout ratio is 252.63%.

Analyst Upgrades and Downgrades

XHR has been the topic of several research analyst reports. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. B. Riley cut their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $15.30.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.