Fisher Asset Management LLC Has $7.40 Million Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Fisher Asset Management LLC lowered its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 16.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 498,062 shares of the real estate investment trust's stock after selling 97,571 shares during the period. Fisher Asset Management LLC owned about 0.49% of Xenia Hotels & Resorts worth $7,401,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of XHR. Loomis Sayles & Co. L P raised its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,982 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 2,443 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Xenia Hotels & Resorts by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust's stock valued at $60,000 after acquiring an additional 1,023 shares during the last quarter. KBC Group NV raised its stake in shares of Xenia Hotels & Resorts by 67.1% during the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock valued at $95,000 after acquiring an additional 2,557 shares during the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Xenia Hotels & Resorts by 16.5% during the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock valued at $131,000 after acquiring an additional 1,250 shares during the last quarter. Institutional investors own 92.43% of the company's stock.

Remove Ads

Xenia Hotels & Resorts Stock Up 1.7 %

NYSE:XHR traded up $0.23 during trading hours on Friday, reaching $13.39. The company had a trading volume of 1,186,337 shares, compared to its average volume of 712,505. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 58.20 and a beta of 1.47. The business's 50-day simple moving average is $14.47 and its two-hundred day simple moving average is $14.68. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.34 and a twelve month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $261.80 million during the quarter, compared to analysts' expectations of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business's quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the company posted $0.41 earnings per share. On average, equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.18%. This is a boost 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 dividend payout ratio (DPR) is presently 373.33%.

Analyst Ratings Changes

A number of brokerages recently weighed in on XHR. Jefferies Financial Group lifted their target price 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. StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Wells Fargo & Company lowered their target price on shares of 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.38.

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.