Xenia Hotels & Resorts Inc (XHR) Shares Obtained by Westside Investment Management Inc.

Xenia Hotels & Resorts Inc (XHR) Shares Obtained by Westside Investment Management Inc.

Westside Investment Management Inc. boosted its stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 15.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,585 shares of the real estate investment trust’s stock after buying an additional 2,000 shares during the period. Westside Investment Management Inc.’s holdings in Xenia Hotels & Resorts were worth $244,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Brown Advisory Inc. raised its stake in Xenia Hotels & Resorts by 8,325.0% in the fourth quarter. Brown Advisory Inc. now owns 1,583,908 shares of the real estate investment trust’s stock valued at $30,760,000 after buying an additional 1,565,108 shares during the last quarter. Norges Bank bought a new position in Xenia Hotels & Resorts during the fourth quarter valued at about $22,167,000. Prudential Financial Inc. increased its position in Xenia Hotels & Resorts by 96.7% in the first quarter. Prudential Financial Inc. now owns 1,235,570 shares of the real estate investment trust’s stock valued at $21,091,000 after buying an additional 607,300 shares during the period. Russell Investments Group Ltd. bought a new position in Xenia Hotels & Resorts during the fourth quarter valued at about $5,293,000. Finally, Numeric Investors LLC increased its position in Xenia Hotels & Resorts by 1,371.3% in the fourth quarter. Numeric Investors LLC now owns 256,007 shares of the real estate investment trust’s stock valued at $4,972,000 after buying an additional 238,607 shares during the period. 60.28% of the stock is owned by institutional investors and hedge funds.

Shares of Xenia Hotels & Resorts Inc (XHR) traded up 1.02% during trading on Wednesday, hitting $17.90. The stock had a trading volume of 1,275,265 shares. Xenia Hotels & Resorts Inc has a 12-month low of $14.84 and a 12-month high of $19.87. The stock has a 50-day moving average of $17.70 and a 200 day moving average of $17.94. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 18.92 and a beta of 0.84.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.09. Xenia Hotels & Resorts had a return on equity of 5.93% and a net margin of 10.07%. The business had revenue of $218.50 million during the quarter, compared to analyst estimates of $205.54 million. During the same quarter last year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, analysts predict that Xenia Hotels & Resorts Inc will post $0.44 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.275 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 6.15%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 122.22%.

Separately, Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a report on Saturday, May 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $19.25.

In related news, insider Marcel Verbaas bought 5,000 shares of the stock in a transaction dated Tuesday, March 7th. The stock was acquired at an average price of $17.03 per share, for a total transaction of $85,150.00. Following the completion of the purchase, the insider now owns 46,846 shares in the company, valued at $797,787.38. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey H. Donahue bought 28,582 shares of the stock in a transaction dated Friday, March 3rd. The stock was bought at an average price of $17.50 per share, with a total value of $500,185.00. Following the purchase, the director now owns 30,927 shares of the company’s stock, valued at approximately $541,222.50. The disclosure for this purchase can be found here. 0.31% of the stock is currently owned by company insiders.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on various markets, as well as leisure destinations in the United States. As of December 31, 2016, the Company owned 42 hotels, 40 of which are completely owned, comprising 10,911 rooms, across 20 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “XHR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts Inc (NYSE:XHR).

Related posts

Leave a Comment