Inspire Investing LLC Acquires 6,488 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Inspire Investing LLC grew its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 27.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,338 shares of the real estate investment trust’s stock after purchasing an additional 6,488 shares during the quarter. Inspire Investing LLC’s holdings in Xenia Hotels & Resorts were worth $435,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XHR. Meeder Asset Management Inc. bought a new position in shares of Xenia Hotels & Resorts in the second quarter valued at approximately $25,000. VitalStone Financial LLC raised its position in shares of 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 purchasing an additional 875 shares during the period. Principal Securities Inc. bought a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $64,000. EntryPoint Capital LLC bought a new position in shares of Xenia Hotels & Resorts in the first quarter valued at approximately $135,000. Finally, O Shaughnessy Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts in the first quarter valued at approximately $164,000. Institutional investors own 92.43% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on XHR shares. B. Riley dropped their price target on shares of 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. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. One investment 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.30.

Xenia Hotels & Resorts Trading Down 0.4 %

Shares of Xenia Hotels & Resorts stock opened at $15.15 on Friday. The company’s fifty day simple moving average is $13.74 and its 200-day simple moving average is $14.27. The company has a market cap of $1.54 billion, a price-to-earnings ratio of 79.74 and a beta of 1.51. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts, Inc. has a 1 year low of $10.92 and a 1 year high of $15.84.

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 (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.30). The business had revenue of $272.90 million during the quarter, compared to the consensus estimate of $275.66 million. Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The company’s quarterly revenue was up .7% compared to the same quarter last year. During the same period last year, the firm earned $0.47 EPS. As a group, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm 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 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 252.63%.

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.