James Investment Research Inc. Purchases 8,266 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

James Investment Research Inc. lifted its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 48.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,315 shares of the real estate investment trust’s stock after acquiring an additional 8,266 shares during the period. James Investment Research Inc.’s holdings in Xenia Hotels & Resorts were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in XHR. BNP Paribas Financial Markets increased its position in shares of Xenia Hotels & Resorts by 36.0% during the first quarter. BNP Paribas Financial Markets now owns 54,815 shares of the real estate investment trust’s stock valued at $823,000 after acquiring an additional 14,516 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Xenia Hotels & Resorts by 5.1% in the first quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the real estate investment trust’s stock worth $513,000 after purchasing an additional 1,672 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in Xenia Hotels & Resorts by 54.5% in the first quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock worth $2,068,000 after purchasing an additional 48,576 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Xenia Hotels & Resorts by 5.7% in the first quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock worth $319,000 after purchasing an additional 1,143 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System boosted its holdings in Xenia Hotels & Resorts by 24.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 39,695 shares of the real estate investment trust’s stock worth $596,000 after purchasing an additional 7,870 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. B. Riley dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their target price for the stock from $16.00 to $15.00 in a report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.30.

Xenia Hotels & Resorts Trading Down 0.3 %

Shares of Xenia Hotels & Resorts stock opened at $14.13 on Friday. The company’s fifty day simple moving average is $14.43 and its 200-day simple moving average is $14.21. The stock has a market capitalization of $1.44 billion, a PE ratio of 64.23 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.60 and a 1-year high of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.30). The business had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $275.66 million. Xenia Hotels & Resorts had a return on equity of 1.72% and a net margin of 2.24%. The company’s revenue was up .7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. As a group, equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.54 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.40%. Xenia Hotels & Resorts’s payout ratio is 218.18%.

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.