Texas Permanent School Fund Corp Trims Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Texas Permanent School Fund Corp decreased its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 8.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,012 shares of the real estate investment trust’s stock after selling 8,059 shares during the period. Texas Permanent School Fund Corp owned approximately 0.08% of Xenia Hotels & Resorts worth $1,204,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XHR. VitalStone Financial LLC raised its stake in Xenia Hotels & Resorts by 54.4% in the 4th 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 last quarter. Principal Securities Inc. purchased a new position in Xenia Hotels & Resorts in the 4th quarter worth $64,000. EntryPoint Capital LLC purchased a new position in Xenia Hotels & Resorts in the 1st quarter worth $135,000. O Shaughnessy Asset Management LLC purchased a new position in Xenia Hotels & Resorts in the 1st quarter worth $164,000. Finally, Signature Estate & Investment Advisors LLC purchased a new position in Xenia Hotels & Resorts in the 2nd quarter worth $167,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Up 6.9 %

Shares of NYSE XHR opened at $15.21 on Friday. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 80.05 and a beta of 1.51. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts, Inc. has a 52-week low of $10.92 and a 52-week high of $15.84. The business’s 50 day moving average is $13.72 and its two-hundred day moving average is $14.27.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The firm had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $275.66 million. Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The firm’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.47 EPS. Research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.16%. The ex-dividend date of this dividend is Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is currently 252.63%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XHR shares. B. Riley reduced their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price objective for the company from $16.00 to $15.00 in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $15.30.

Xenia Hotels & Resorts Profile

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.