Xenia Hotels & Resorts Inc. (xhr) Plans Quarterly Dividend of $0.28
Xenia Hotels & Resorts Inc. (NYSE:xhr) announced a quarterly dividend on Friday, September 9th. Shareholders of record on Friday, September 30th will be paid a dividend of 0.275 per share by the real estate investment trust on Friday, October 14th. This represents a $1.10 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date of this dividend is Wednesday, September 28th.
Several hedge funds have recently bought and sold shares of the company. Usca Ria LLC bought a new stake in Xenia Hotels & Resorts during the second quarter valued at $417,000. Guggenheim Capital LLC increased its stake in Xenia Hotels & Resorts by 84.5% in the second quarter. Guggenheim Capital LLC now owns 33,047 shares of the real estate investment trust’s stock valued at $555,000 after buying an additional 15,131 shares during the last quarter. Paloma Partners Management Co bought a new stake in Xenia Hotels & Resorts during the second quarter valued at $564,000. Sei Investments Co. increased its stake in Xenia Hotels & Resorts by 1.0% in the second quarter. Sei Investments Co. now owns 34,076 shares of the real estate investment trust’s stock valued at $572,000 after buying an additional 351 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in Xenia Hotels & Resorts by 1,247.4% in the second quarter. Fifth Third Bancorp now owns 75,860 shares of the real estate investment trust’s stock valued at $1,273,000 after buying an additional 70,230 shares during the last quarter. Institutional investors own 57.50% of the company’s stock.
A number of equities research analysts have commented on the company. Raymond James Financial Inc. assumed coverage on Xenia Hotels & Resorts in a research note on Tuesday, July 26th. They issued a “market perform” rating for the company. Zacks Investment Research cut Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 11th. Finally, TheStreet raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, June 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $17.67.
Shares of Xenia Hotels & Resorts (NYSE:XHR) traded down 0.61% on Friday, hitting $16.17. The company had a trading volume of 38,316 shares. The firm’s 50 day moving average price is $16.82 and its 200-day moving average price is $16.29. Xenia Hotels & Resorts has a 52 week low of $12.10 and a 52 week high of $19.09. The stock has a market capitalization of $1.74 billion, a PE ratio of 18.61 and a beta of 0.70.
Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Friday, August 5th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.65. Xenia Hotels & Resorts had a return on equity of 7.57% and a net margin of 9.71%. The firm earned $261.38 million during the quarter, compared to analyst estimates of $257.99 million. During the same quarter in the prior year, the company earned $0.57 EPS. The business’s revenue was up 4.0% compared to the same quarter last year. Analysts forecast that Xenia Hotels & Resorts will post $2.21 earnings per share for the current fiscal year.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a real estate investment trust. The Company invests primarily in premium full service, lifestyle and urban upscale hotels. The Company’s segment is investment in hotel properties. The Company conducts its operations through its operating partnership, XHR LP. The Company owns approximately 50 lodging properties, with a total of over 12,550 rooms.
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