Mesirow Institutional Investment Management Inc. Invests $15.98 Million in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Mesirow Institutional Investment Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,075,515 shares of the real estate investment trust's stock, valued at approximately $15,982,000. Xenia Hotels & Resorts comprises about 1.2% of Mesirow Institutional Investment Management Inc.'s portfolio, making the stock its 23rd largest position. Mesirow Institutional Investment Management Inc. owned about 1.06% of Xenia Hotels & Resorts as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Geode Capital Management LLC raised its position in Xenia Hotels & Resorts by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock worth $39,135,000 after purchasing an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Xenia Hotels & Resorts by 1.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after acquiring an additional 30,186 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Xenia Hotels & Resorts by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock worth $26,580,000 after acquiring an additional 126,193 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Xenia Hotels & Resorts by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust's stock valued at $21,576,000 after acquiring an additional 3,748 shares during the last quarter. Finally, Invesco Ltd. increased its position in Xenia Hotels & Resorts by 73.5% during the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock valued at $16,743,000 after purchasing an additional 477,231 shares during the period. Institutional investors and hedge funds own 92.43% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company reduced their price objective on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. KeyCorp cut their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Jefferies Financial Group downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Finally, Morgan Stanley decreased their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $13.50.

Xenia Hotels & Resorts Stock Up 2.8 %

Shares of XHR stock traded up $0.28 on Thursday, reaching $10.43. 894,348 shares of the company were exchanged, compared to its average volume of 798,643. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The company has a 50-day moving average of $11.94 and a 200-day moving average of $13.96. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 45.35 and a beta of 1.38. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. During the same period in the prior year, the business earned $0.41 EPS. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. Analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.14 per share. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 5.37%. Xenia Hotels & Resorts's dividend payout ratio is presently 373.33%.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.