Brown Advisory Inc. bought a new stake in Xenia Hotels & Resorts Inc. (NYSE:XHR) during the second quarter, according to its most recent filing with the SEC. The firm bought 18,800 shares of the real estate investment trust’s stock, valued at approximately $315,000.
A number of other institutional investors have also 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 valued at $104,000 after buying an additional 1,200 shares during the last quarter. Thompson Siegel & Walmsley LLC purchased a new stake in Xenia Hotels & Resorts during the second quarter worth about $122,000. Livingston Group Asset Management CO operating as Southport Capital Management purchased a new stake in Xenia Hotels & Resorts during the second quarter worth about $143,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Xenia Hotels & Resorts during the second quarter worth about $163,000. Finally, Brookstone Capital Management purchased a new stake in Xenia Hotels & Resorts during the second quarter worth about $178,000. 57.50% of the stock is currently owned by hedge funds and other institutional investors.
Xenia Hotels & Resorts Inc. (NYSE:XHR) traded down 0.40% during midday trading on Wednesday, hitting $15.04. 24,232 shares of the company traded hands. The stock’s 50-day moving average price is $16.27 and its 200 day moving average price is $16.27. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 17.31 and a beta of 0.71. Xenia Hotels & Resorts Inc. has a 12-month low of $12.10 and a 12-month high of $19.09.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Friday, August 5th. The real estate investment trust reported $0.65 EPS for the quarter, meeting 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 net margin of 9.71% and a return on equity of 7.57%. The firm’s revenue was up 4.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.57 EPS. On average, equities analysts forecast that Xenia Hotels & Resorts Inc. will post $2.21 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be given a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $1.10 annualized dividend and a yield of 7.28%. Xenia Hotels & Resorts’s dividend payout ratio is currently 126.44%.
XHR has been the subject of a number of recent analyst reports. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Thursday, August 11th. Raymond James Financial Inc. initiated coverage on shares of Xenia Hotels & Resorts in a report on Tuesday, July 26th. They set a “market perform” rating for the company. Finally, TheStreet upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Xenia Hotels & Resorts has an average rating of “Hold” and an average price target of $17.67.
Xenia Hotels & Resorts Company Profile
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.