Jacobs Levy Equity Management Inc. Decreases Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Jacobs Levy Equity Management Inc. decreased its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 0.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,156,416 shares of the real estate investment trust’s stock after selling 10,980 shares during the period. Jacobs Levy Equity Management Inc. owned 1.13% of Xenia Hotels & Resorts worth $17,358,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. VitalStone Financial LLC increased its stake 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 acquiring an additional 875 shares during the period. Principal Securities Inc. acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at $64,000. International Assets Investment Management LLC grew its position in 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 period. Tennessee Valley Asset Management Partners acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at $74,000. Finally, EntryPoint Capital LLC acquired a new stake in Xenia Hotels & Resorts during the first quarter valued at $135,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Down 1.0 %

XHR stock traded down $0.14 during trading on Wednesday, reaching $14.01. 455,331 shares of the stock were exchanged, compared to its average volume of 809,965. Xenia Hotels & Resorts, Inc. has a 1 year low of $10.90 and a 1 year high of $15.84. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 74.42 and a beta of 1.51. The business has a 50 day moving average price of $14.23 and a 200-day moving average price of $14.26. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results 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 analyst estimates of $258.80 million. On average, research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.56 earnings per share for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a $0.12 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a yield of 3.43%. Xenia Hotels & Resorts’s dividend payout ratio is currently 252.64%.

Analyst Upgrades and Downgrades

Several research firms recently commented on XHR. KeyCorp raised their price target 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. 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 research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently 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.