Mutual of America Capital Management LLC Raises Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Mutual of America Capital Management LLC increased its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1,602.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 308,593 shares of the real estate investment trust’s stock after purchasing an additional 290,469 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.30% of Xenia Hotels & Resorts worth $4,422,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of XHR. Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter worth $25,000. VitalStone Financial LLC grew its holdings in Xenia Hotels & Resorts by 54.4% during the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 875 shares in the last quarter. EntryPoint Capital LLC purchased a new position in Xenia Hotels & Resorts during the 1st quarter valued at about $135,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at about $164,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at about $168,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $15.16 on Friday. The company has a 50 day moving average of $13.74 and a two-hundred day moving average of $14.26. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 79.79 and a beta of 1.51. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts, Inc. has a twelve month low of $10.92 and a twelve month high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last announced its 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). The business had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $275.66 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The firm’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.47 earnings per share. As a group, analysts predict that Xenia Hotels & Resorts, Inc. will post 1.54 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

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

Analysts Set New Price Targets

XHR has been the topic of a number of recent research reports. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday, September 13th. B. Riley cut their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, three have issued 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 an average price target of $15.30.

Xenia Hotels & Resorts Profile

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.