Universal Beteiligungs und Servicegesellschaft mbH Purchases New Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 180,117 shares of the real estate investment trust’s stock, valued at approximately $2,118,000.

Several other institutional investors and hedge funds have also recently modified their holdings of XHR. Allianz Asset Management GmbH increased its stake in Xenia Hotels & Resorts by 21.9% during the 1st quarter. Allianz Asset Management GmbH now owns 523,783 shares of the real estate investment trust’s stock worth $6,160,000 after buying an additional 94,204 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Xenia Hotels & Resorts by 223.7% during the first quarter. Victory Capital Management Inc. now owns 337,051 shares of the real estate investment trust’s stock worth $3,964,000 after purchasing an additional 232,918 shares in the last quarter. Allworth Financial LP lifted its stake in Xenia Hotels & Resorts by 231.4% during the first quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,798 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in Xenia Hotels & Resorts by 13.7% during the first quarter. Envestnet Asset Management Inc. now owns 83,294 shares of the real estate investment trust’s stock worth $980,000 after purchasing an additional 10,026 shares in the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new position in Xenia Hotels & Resorts during the first quarter worth $214,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their price objective on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an “overweight” rating in a research note on Tuesday, July 1st. Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price target for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. Wall Street Zen raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday, May 5th. Finally, Morgan Stanley lowered their price target on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Hold” and a consensus price target of $12.90.

Xenia Hotels & Resorts Trading Down 3.0%

Shares of XHR opened at $12.67 on Thursday. The stock has a fifty day moving average of $12.58 and a two-hundred day moving average of $12.59. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.95 and a current ratio of 1.95. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The company has a market capitalization of $1.25 billion, a PE ratio of 57.59 and a beta of 1.64.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $288.93 million during the quarter, compared to analysts’ expectations of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 EPS. As a group, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.14 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.42%. Xenia Hotels & Resorts’s dividend payout ratio is currently 254.55%.

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

Xenia Hotels & Resorts Profile

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.