Arrowstreet Capital Limited Partnership Sells 614,141 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Arrowstreet Capital Limited Partnership lessened its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 32.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,257,190 shares of the real estate investment trust's stock after selling 614,141 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.23% of Xenia Hotels & Resorts worth $18,682,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Xenia Hotels & Resorts by 370.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust's stock valued at $10,619,000 after buying an additional 566,144 shares during the period. State Street Corp increased its position in Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock worth $91,597,000 after purchasing an additional 108,798 shares in the last quarter. Wellington Management Group LLP increased its position in shares of Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock worth $143,354,000 after acquiring an additional 465,141 shares in the last quarter. MML Investors Services LLC raised its position in Xenia Hotels & Resorts by 12.0% in the third quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust's stock valued at $184,000 after purchasing an additional 1,338 shares during the period. Finally, Public Employees Retirement System of Ohio raised its holdings in shares of Xenia Hotels & Resorts by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust's stock valued at $3,776,000 after buying an additional 962 shares during the period. Hedge funds and other institutional investors own 92.43% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on XHR. Wells Fargo & Company cut their price target on 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. Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $18.00 to $10.00 in a research report on Wednesday. KeyCorp cut their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $14.63.

Xenia Hotels & Resorts Stock Up 14.5 %

NYSE XHR traded up $1.34 during trading on Wednesday, reaching $10.56. The company's stock had a trading volume of 2,420,255 shares, compared to its average volume of 792,287. The stock has a market capitalization of $1.07 billion, a PE ratio of 45.92 and a beta of 1.38. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50. The business has a 50-day moving average price of $12.90 and a 200-day moving average price of $14.31. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS 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 analyst estimates of $263.47 million. During the same period in the previous year, the company posted $0.41 earnings per share. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. On average, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.14 per share. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 5.30%. Xenia Hotels & Resorts's dividend payout ratio (DPR) 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.