Charles Schwab Investment Management Inc. Purchases 30,186 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Charles Schwab Investment Management Inc. boosted its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor 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 SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Wellington Management Group LLP increased its holdings in 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 valued at $143,354,000 after purchasing an additional 465,141 shares during the last quarter. State Street Corp raised its position in shares of Xenia Hotels & Resorts by 1.8% in the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock valued at $91,597,000 after acquiring an additional 108,798 shares during the period. Geode Capital Management LLC grew its holdings in Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock valued at $39,135,000 after purchasing an additional 60,323 shares during the period. JPMorgan Chase & Co. increased its stake in Xenia Hotels & Resorts by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock valued at $24,555,000 after purchasing an additional 40,807 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position 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 worth $10,619,000 after purchasing an additional 566,144 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

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

Xenia Hotels & Resorts Stock Performance

NYSE XHR traded up $0.39 on Monday, hitting $12.98. 800,744 shares of the stock were exchanged, compared to its average volume of 714,198. The business's fifty day moving average is $14.26 and its 200 day moving average is $14.67. The company has a market capitalization of $1.32 billion, a PE ratio of 56.42 and a beta of 1.47. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.28 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its 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 analyst estimates of $263.47 million. During the same period in the previous year, the firm earned $0.41 EPS. The firm's revenue was up 3.3% compared to the same quarter last year. Research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Monday, March 31st. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 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.