Employees Retirement System of Texas Makes New $2.60 Million Investment in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Employees Retirement System of Texas bought a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 175,000 shares of the real estate investment trust's stock, valued at approximately $2,601,000. Employees Retirement System of Texas owned 0.17% of Xenia Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Xenia Hotels & Resorts by 2.3% in 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. Barclays PLC boosted its stake in Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock worth $2,555,000 after buying an additional 129,328 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Xenia Hotels & Resorts by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock valued at $24,555,000 after buying an additional 40,807 shares during the period. Smartleaf Asset Management LLC increased its stake in shares of Xenia Hotels & Resorts by 500.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Nordea Investment Management AB lifted its holdings in shares of Xenia Hotels & Resorts by 2.0% during the 4th quarter. Nordea Investment Management AB now owns 106,400 shares of the real estate investment trust's stock worth $1,599,000 after acquiring an additional 2,072 shares during the period. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Up 0.2 %

NYSE XHR traded up $0.02 during trading hours on Friday, hitting $9.77. The company had a trading volume of 986,962 shares, compared to its average volume of 797,248. The firm's 50 day moving average is $12.70 and its 200 day moving average is $14.23. 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 fifty-two week low of $8.55 and a fifty-two week high of $16.50. The company has a market capitalization of $991.13 million, a price-to-earnings ratio of 42.48 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.34. The business 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 company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. Sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.14 dividend. The ex-dividend date 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 dividend yield of 5.73%. Xenia Hotels & Resorts's dividend payout ratio is 373.33%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XHR shares. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $18.00 to $10.00 in a report on Wednesday. Wells Fargo & Company lowered their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Finally, KeyCorp reduced their price objective 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. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $14.63.

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.