Lazard Asset Management LLC Invests $1.66 Million in Xenia Hotels & Resorts, Inc. $XHR

Lazard Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the 1st quarter, HoldingsChannel reports. The fund acquired 111,662 shares of the real estate investment trust’s stock, valued at approximately $1,656,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of XHR. M&T Bank Corp acquired a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at $4,196,000. LSV Asset Management boosted its holdings in Xenia Hotels & Resorts by 99.4% in the fourth quarter. LSV Asset Management now owns 1,065,627 shares of the real estate investment trust’s stock valued at $15,068,000 after acquiring an additional 531,127 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in Xenia Hotels & Resorts by 803.6% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 310,850 shares of the real estate investment trust’s stock worth $4,395,000 after purchasing an additional 276,450 shares during the period. Principal Financial Group Inc. increased its position in Xenia Hotels & Resorts by 26.6% in the first quarter. Principal Financial Group Inc. now owns 572,164 shares of the real estate investment trust’s stock worth $8,485,000 after purchasing an additional 120,077 shares during the period. Finally, Y Intercept Hong Kong Ltd bought a new stake in Xenia Hotels & Resorts during the 1st quarter worth about $870,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Price Performance

Shares of XHR stock opened at $20.50 on Tuesday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.17. Xenia Hotels & Resorts, Inc. has a 12-month low of $11.75 and a 12-month high of $22.06. The firm has a fifty day moving average of $19.81 and a 200-day moving average of $17.03. The firm has a market capitalization of $1.89 billion, a price-to-earnings ratio of -292.89 and a beta of 1.15.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Friday, May 1st. The real estate investment trust reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.03. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%.The firm had revenue of $295.41 million for the quarter, compared to analyst estimates of $291.33 million. During the same period in the previous year, the company posted $0.51 earnings per share. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.89 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.14 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 2.7%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently -800.00%.

Analysts Set New Price Targets

A number of research analysts have issued reports on XHR shares. Weiss Ratings downgraded shares of Xenia Hotels & Resorts from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday. BMO Capital Markets reissued an “outperform” rating and set a $21.00 price target on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. KeyCorp increased their price objective on shares of Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Finally, Wells Fargo & Company raised their price objective on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Xenia Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Insider Activity at Xenia Hotels & Resorts

In other news, insider Atish Shah sold 120,000 shares of Xenia Hotels & Resorts stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $17.00, for a total transaction of $2,040,000.00. Following the transaction, the insider owned 250,805 shares in the company, valued at $4,263,685. The trade was a 32.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.40% of the stock is currently owned by corporate insiders.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.