Xenia Hotels & Resorts, Inc. (NYSE:XHR) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.41, Morningstar.com reports. The company had revenue of $244.39 million during the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a return on equity of 6.29% and a net margin of 11.02%. The business’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share.

Shares of Xenia Hotels & Resorts (NYSE:XHR) opened at 20.00 on Tuesday. Xenia Hotels & Resorts has a 12 month low of $14.84 and a 12 month high of $20.59. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 21.14 and a beta of 0.77. The company’s 50 day moving average price is $19.90 and its 200 day moving average price is $18.31.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.10 annualized dividend and a dividend yield of 5.50%. Xenia Hotels & Resorts’s payout ratio is 117.02%.

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Several equities research analysts have recently weighed in on XHR shares. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating and set a $20.00 price target for the company in a research note on Saturday, May 13th. Morgan Stanley increased their price target on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, June 16th. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, June 21st. Finally, BidaskClub lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.75.

A number of hedge funds and other institutional investors have recently made changes to their positions in XHR. Prudential Financial Inc. increased its position in shares of Xenia Hotels & Resorts by 80.0% in the second quarter. Prudential Financial Inc. now owns 2,223,581 shares of the real estate investment trust’s stock worth $43,071,000 after buying an additional 988,011 shares in the last quarter. American Century Companies Inc. acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth about $3,301,000. RFG Advisory Group LLC acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth about $305,000. GAM Holding AG increased its position in shares of Xenia Hotels & Resorts by 1.1% in the second quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock worth $176,000 after buying an additional 100 shares in the last quarter. Finally, Virginia Retirement Systems ET AL increased its position in shares of Xenia Hotels & Resorts by 1,705.0% in the second quarter. Virginia Retirement Systems ET AL now owns 180,500 shares of the real estate investment trust’s stock worth $3,496,000 after buying an additional 170,500 shares in the last quarter. Institutional investors own 64.29% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc (Xenia) 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 var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

Earnings History for Xenia Hotels & Resorts (NYSE:XHR)

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