MQS Management LLC Makes New Investment in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

MQS Management LLC acquired a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,307 shares of the real estate investment trust’s stock, valued at approximately $262,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Xenia Hotels & Resorts in the second quarter valued at approximately $25,000. VitalStone Financial LLC raised its stake in shares of Xenia Hotels & Resorts by 54.4% in the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 875 shares during the period. Principal Securities Inc. acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at $64,000. EntryPoint Capital LLC purchased a new stake in Xenia Hotels & Resorts during the 1st quarter worth $135,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Xenia Hotels & Resorts in the 1st quarter valued at $164,000. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $15.15 on Friday. Xenia Hotels & Resorts, Inc. has a 52 week low of $10.92 and a 52 week high of $15.84. 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 stock has a market cap of $1.54 billion, a P/E ratio of 79.74 and a beta of 1.51. The stock has a 50 day moving average of $13.74 and a 200-day moving average of $14.27.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data 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 company had revenue of $272.90 million for the quarter, compared to analyst estimates of $275.66 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. Xenia Hotels & Resorts’s revenue was up .7% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 earnings per share. On average, analysts expect that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current fiscal 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 paid 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 payout ratio is currently 252.63%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. B. Riley decreased their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a 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. Based on data from MarketBeat, the stock presently has an average 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.