AQR Capital Management LLC Has $1 Million Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

AQR Capital Management LLC trimmed its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 18.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,845 shares of the real estate investment trust’s stock after selling 15,467 shares during the quarter. AQR Capital Management LLC owned approximately 0.07% of Xenia Hotels & Resorts worth $1,001,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth $25,000. EntryPoint Capital LLC acquired a new position in Xenia Hotels & Resorts in the 1st quarter worth about $135,000. O Shaughnessy Asset Management LLC bought a new position in Xenia Hotels & Resorts in the first quarter valued at about $164,000. Cornerstone Investment Partners LLC bought a new position in Xenia Hotels & Resorts in the first quarter valued at about $168,000. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at about $167,000. Institutional investors own 92.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on XHR. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley reduced their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $15.30.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $14.91 on Friday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. The firm’s fifty day simple moving average is $13.96 and its two-hundred day simple moving average is $14.25. Xenia Hotels & Resorts, Inc. has a 12 month low of $10.92 and a 12 month high of $15.84. The stock has a market capitalization of $1.52 billion, a P/E ratio of 67.77 and a beta of 1.51.

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

Xenia Hotels & Resorts Announces Dividend

The business also recently declared 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. This represents a $0.48 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date of this dividend is Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is 218.18%.

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.