Charles Schwab Investment Management Inc. boosted its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,362,156 shares of the real estate investment trust's stock after buying an additional 30,186 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.32% of Xenia Hotels & Resorts worth $35,102,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Smartleaf Asset Management LLC grew its stake in Xenia Hotels & Resorts by 500.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,657 shares in the last quarter. Metis Global Partners LLC grew its stake in Xenia Hotels & Resorts by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock valued at $174,000 after purchasing an additional 1,194 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in Xenia Hotels & Resorts by 38.1% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 30,573 shares of the real estate investment trust's stock valued at $454,000 after purchasing an additional 8,431 shares in the last quarter. IFP Advisors Inc grew its stake in Xenia Hotels & Resorts by 16.5% in the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock valued at $131,000 after purchasing an additional 1,250 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in Xenia Hotels & Resorts in the fourth quarter valued at approximately $554,000. Institutional investors and hedge funds own 92.43% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on XHR. 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. 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 research note on Thursday, January 2nd. Finally, StockNews.com upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $17.38.
Get Our Latest Research Report on XHR
Xenia Hotels & Resorts Stock Performance
Shares of NYSE XHR traded down $0.45 during midday trading on Tuesday, hitting $12.56. 276,358 shares of the company's stock were exchanged, compared to its average volume of 749,064. The company's 50 day moving average price is $14.22 and its 200 day moving average price is $14.66. The firm has a market capitalization of $1.27 billion, a PE ratio of 54.59 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a 12 month low of $12.28 and a 12 month high of $16.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.
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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 EPS. As a group, analysts predict 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 4.46%. Xenia Hotels & Resorts's payout ratio is 373.33%.
Xenia Hotels & Resorts Profile
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Free Report)
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.
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