Prudential Financial Inc. decreased its position in Xenia Hotels & Resorts Inc. (NYSE:XHR) by 17.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,111,720 shares of the real estate investment trust’s stock after selling 235,630 shares during the period. Prudential Financial Inc. owned about 1.03% of Xenia Hotels & Resorts worth $18,655,000 at the end of the most recent quarter.
Other institutional investors have also recently bought and sold shares of the company. Shinko Asset Management Co. Ltd. increased its position in Xenia Hotels & Resorts by 24.0% in the second quarter. Shinko Asset Management Co. Ltd. now owns 6,200 shares of the real estate investment trust’s stock worth $104,000 after buying an additional 1,200 shares in the last quarter. Thompson Siegel & Walmsley LLC bought a new position in shares of Xenia Hotels & Resorts during the second quarter worth $122,000. Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in shares of Xenia Hotels & Resorts during the second quarter worth $143,000. Fuller & Thaler Asset Management Inc. bought a new position in shares of Xenia Hotels & Resorts during the second quarter worth $163,000. Finally, Brookstone Capital Management bought a new position in shares of Xenia Hotels & Resorts during the second quarter worth $178,000. 57.50% of the stock is currently owned by hedge funds and other institutional investors.
Xenia Hotels & Resorts Inc. (NYSE:XHR) traded up 1.38% during midday trading on Wednesday, reaching $15.04. 97,702 shares of the company’s stock traded hands. Xenia Hotels & Resorts Inc. has a one year low of $12.10 and a one year high of $19.09. The stock has a market cap of $1.62 billion, a PE ratio of 17.31 and a beta of 0.70. The stock’s 50 day moving average price is $16.64 and its 200-day moving average price is $16.29.
Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $261.38 million for the quarter, compared to analysts’ expectations of $257.99 million. Xenia Hotels & Resorts had a return on equity of 7.57% and a net margin of 9.71%. The business’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Equities analysts predict that Xenia Hotels & Resorts Inc. will post $2.21 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be given a $0.275 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $1.10 annualized dividend and a yield of 7.28%. Xenia Hotels & Resorts’s payout ratio is 126.44%.
A number of equities analysts recently weighed in on the stock. Raymond James Financial Inc. assumed coverage on shares of Xenia Hotels & Resorts in a report on Tuesday, July 26th. They issued a “market perform” rating on the stock. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th. Finally, TheStreet raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $17.67.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
Receive News & Ratings for Xenia Hotels & Resorts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.