Lazari Capital Management Inc. Sells 9,063 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Lazari Capital Management Inc. decreased its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 41,844 shares of the real estate investment trust’s stock after selling 9,063 shares during the quarter. Lazari Capital Management Inc.’s holdings in Xenia Hotels & Resorts were worth $570,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of XHR. VitalStone Financial LLC grew its stake in shares of Xenia Hotels & Resorts by 54.4% during the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 875 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $64,000. International Assets Investment Management LLC grew its stake in shares of Xenia Hotels & Resorts by 1,274.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after buying an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $74,000. Finally, QRG Capital Management Inc. bought a new position in shares of Xenia Hotels & Resorts during the third quarter valued at approximately $168,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Down 1.3 %

Shares of XHR traded down $0.19 during midday trading on Friday, hitting $14.24. 502,436 shares of the company’s stock traded hands, compared to its average volume of 723,207. Xenia Hotels & Resorts, Inc. has a 1 year low of $10.90 and a 1 year high of $15.84. The firm’s fifty day moving average is $14.47 and its 200-day moving average is $14.02. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 74.95 and a beta of 1.49.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.58%. The business had revenue of $267.49 million for the quarter, compared to analysts’ expectations of $258.80 million. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.56 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.12 per share. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.37%. Xenia Hotels & Resorts’s dividend payout ratio is presently 252.64%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on XHR shares. B. Riley reiterated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Jefferies Financial Group upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and boosted their price target for the company from $14.00 to $18.00 in a report on Thursday, February 29th. KeyCorp upped their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, May 3rd. Finally, Wells Fargo & Company upped their target price on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $15.70.

Xenia Hotels & Resorts Company 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.