Lazari Capital Management Inc. Decreases Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Lazari Capital Management Inc. trimmed its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,019 shares of the real estate investment trust’s stock after selling 1,192 shares during the quarter. Lazari Capital Management Inc.’s holdings in Xenia Hotels & Resorts were worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Diversified Trust Co raised its holdings in shares of Xenia Hotels & Resorts by 2.5% in the 1st quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock worth $456,000 after purchasing an additional 730 shares during the period. ProShare Advisors LLC raised its stake in shares of Xenia Hotels & Resorts by 5.7% in the first quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $319,000 after buying an additional 1,143 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of Xenia Hotels & Resorts by 5.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the real estate investment trust’s stock valued at $513,000 after buying an additional 1,672 shares during the last quarter. Commonwealth Equity Services LLC grew its stake in shares of Xenia Hotels & Resorts by 0.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock worth $2,801,000 after acquiring an additional 1,699 shares during the period. Finally, Meeder Asset Management Inc. purchased a new stake in Xenia Hotels & Resorts in the 2nd quarter worth about $25,000. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Stock Down 0.7 %

XHR stock opened at $14.50 on Wednesday. Xenia Hotels & Resorts, Inc. has a twelve month low of $10.92 and a twelve month high of $15.84. The firm has a market capitalization of $1.48 billion, a PE ratio of 76.32 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. The stock has a 50-day simple moving average of $14.25 and a two-hundred day simple moving average of $14.23.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.15 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.30). Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The firm had revenue of $272.90 million for the quarter, compared to analysts’ expectations of $275.66 million. During the same period in the prior year, the firm posted $0.47 EPS. Xenia Hotels & Resorts’s revenue was up .7% on a year-over-year basis. On average, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a $0.12 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.31%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 252.63%.

Wall Street Analysts Forecast Growth

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