Amundi Increases Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Amundi boosted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 32.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 102,956 shares of the real estate investment trust's stock after purchasing an additional 24,978 shares during the quarter. Amundi owned about 0.10% of Xenia Hotels & Resorts worth $1,514,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vestmark Advisory Solutions Inc. purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $160,000. Raymond James Financial Inc. purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $324,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 1.3% in the 4th 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 purchasing an additional 30,186 shares during the period. Smartleaf Asset Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,657 shares during the period. Finally, Metis Global Partners LLC boosted its holdings in shares of Xenia Hotels & Resorts by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock worth $174,000 after purchasing an additional 1,194 shares during the period. Institutional investors own 92.43% of the company's stock.

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Analysts Set New Price Targets

A number of equities analysts have recently commented on XHR shares. Jefferies Financial Group lifted their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Wells Fargo & Company decreased their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com raised Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $17.38.

Xenia Hotels & Resorts Stock Down 1.3 %

NYSE XHR traded down $0.17 on Friday, reaching $12.48. 1,749,418 shares of the stock traded hands, compared to its average volume of 717,749. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The company has a fifty day moving average price of $14.05 and a 200-day moving average price of $14.61. The company has a market cap of $1.26 billion, a price-to-earnings ratio of 54.24 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a 12 month low of $12.04 and a 12 month high of $16.50.

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

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.49%. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts's payout ratio is presently 373.33%.

Xenia Hotels & Resorts Company 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.