Commonwealth Equity Services LLC Trims Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Commonwealth Equity Services LLC lessened its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 193,756 shares of the real estate investment trust’s stock after selling 3,577 shares during the period. Commonwealth Equity Services LLC’s holdings in Xenia Hotels & Resorts were worth $2,908,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. VitalStone Financial LLC increased its holdings in shares of Xenia Hotels & Resorts by 54.4% in the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 875 shares during the period. Principal Securities Inc. purchased a new position in Xenia Hotels & Resorts during the fourth quarter worth about $64,000. International Assets Investment Management LLC increased its stake in Xenia Hotels & Resorts by 1,274.0% in the 4th quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $74,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $168,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Trading Down 0.6 %

NYSE XHR traded down $0.09 during trading on Friday, hitting $13.81. 85,219 shares of the company’s stock traded hands, compared to its average volume of 819,679. The stock has a fifty day moving average of $14.35 and a two-hundred day moving average of $14.15. Xenia Hotels & Resorts, Inc. has a 12-month low of $10.90 and a 12-month high of $15.84. The firm has a market cap of $1.41 billion, a P/E ratio of 72.95 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.24 and a quick ratio of 2.24.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $267.49 million for the quarter, compared to analysts’ expectations of $258.80 million. As a group, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.56 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Friday, June 28th. Xenia Hotels & Resorts’s payout ratio is 252.63%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on XHR shares. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. KeyCorp raised their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research report on Friday, April 5th. Finally, StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $15.70.

About Xenia Hotels & Resorts

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.