Wexford Capital LP Takes Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Wexford Capital LP bought a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,000 shares of the real estate investment trust’s stock, valued at approximately $223,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its position in Xenia Hotels & Resorts by 295.7% during the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after acquiring an additional 129,328 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,657 shares during the last quarter. Principal Financial Group Inc. lifted its position in Xenia Hotels & Resorts by 2.7% during the fourth quarter. Principal Financial Group Inc. now owns 493,798 shares of the real estate investment trust’s stock valued at $7,338,000 after acquiring an additional 13,178 shares during the last quarter. Mesirow Institutional Investment Management Inc. purchased a new stake in Xenia Hotels & Resorts during the fourth quarter valued at approximately $15,982,000. Finally, Alyeska Investment Group L.P. lifted its position in Xenia Hotels & Resorts by 258.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust’s stock valued at $24,599,000 after acquiring an additional 1,193,990 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. KeyCorp decreased their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Morgan Stanley decreased their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Finally, Wells Fargo & Company decreased their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Hold” and an average price target of $13.50.

Xenia Hotels & Resorts Trading Down 1.3%

NYSE XHR opened at $12.14 on Tuesday. The company has a fifty day simple moving average of $11.18 and a two-hundred day simple moving average of $13.54. The stock has a market cap of $1.20 billion, a P/E ratio of 52.78 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The firm had revenue of $288.93 million for the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.61%. Xenia Hotels & Resorts’s payout ratio is currently 254.55%.

Xenia Hotels & Resorts announced that its board has authorized a share buyback program on Wednesday, May 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board of directors believes its shares are undervalued.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.