VIRGINIA RETIREMENT SYSTEMS ET Al Sells 176,684 Shares of Xenia Hotels & Resorts, Inc. $XHR

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 69.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 77,450 shares of the real estate investment trust’s stock after selling 176,684 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Xenia Hotels & Resorts were worth $1,399,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Xenia Hotels & Resorts during the second quarter worth about $348,760,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Xenia Hotels & Resorts by 4.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,677,259 shares of the real estate investment trust’s stock valued at $39,704,000 after acquiring an additional 121,052 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Xenia Hotels & Resorts by 40.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,360,082 shares of the real estate investment trust’s stock valued at $19,898,000 after acquiring an additional 390,145 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Xenia Hotels & Resorts by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,340,418 shares of the real estate investment trust’s stock valued at $19,878,000 after acquiring an additional 8,858 shares during the period. Finally, Algert Global LLC acquired a new position in shares of Xenia Hotels & Resorts in the 2nd quarter worth approximately $19,560,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

XHR opened at $21.85 on Thursday. The stock’s 50-day moving average price is $18.70 and its 200 day moving average price is $17.65. Xenia Hotels & Resorts, Inc. has a 12-month low of $12.51 and a 12-month high of $22.06. The company has a current ratio of 2.35, a quick ratio of 2.47 and a debt-to-equity ratio of 1.18. The firm has a market cap of $2.02 billion, a price-to-earnings ratio of 10.44 and a beta of 1.19.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, November 3rd. The real estate investment trust reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.07. The company had revenue of $263.83 million during the quarter, compared to analysts’ expectations of $256.91 million. Xenia Hotels & Resorts had a return on equity of 0.33% and a net margin of 0.34%. Xenia Hotels & Resorts’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.23 EPS. As a group, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.89 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is currently -800.00%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on XHR shares. BMO Capital Markets cut shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $22.00 to $20.50 in a research report on Tuesday, September 1st. Wells Fargo & Company lifted their target price on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Finally, Weiss Ratings raised Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.12.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.