Marshall Wace LLP Makes New Investment in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Marshall Wace LLP purchased a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 46,891 shares of the real estate investment trust’s stock, valued at approximately $672,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wellington Management Group LLP raised its position in Xenia Hotels & Resorts by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock worth $138,067,000 after acquiring an additional 278,686 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Xenia Hotels & Resorts by 3.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,481,995 shares of the real estate investment trust’s stock worth $21,236,000 after purchasing an additional 45,787 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Xenia Hotels & Resorts by 27.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock worth $9,689,000 after purchasing an additional 145,527 shares in the last quarter. Federated Hermes Inc. lifted its stake in Xenia Hotels & Resorts by 179,814.4% during the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after purchasing an additional 350,638 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Xenia Hotels & Resorts by 1,602.7% during the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock worth $4,422,000 after buying an additional 290,469 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

XHR has been the topic of several research reports. Wells Fargo & Company raised Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price target for the company from $16.00 to $15.00 in a 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 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 currently has an average rating of “Hold” and a consensus target price of $15.30.

Xenia Hotels & Resorts Trading Down 1.3 %

NYSE XHR opened at $14.77 on Wednesday. The firm’s 50 day moving average price is $13.89 and its two-hundred day moving average price is $14.24. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.26 and a current ratio of 2.26. Xenia Hotels & Resorts, Inc. has a twelve month low of $10.92 and a twelve month high of $15.84. The stock has a market cap of $1.51 billion, a price-to-earnings ratio of 77.74 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 2.24% and a return on equity of 1.72%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 EPS. Equities analysts anticipate 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. Stockholders of record on Monday, September 30th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 252.64%.

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.