Invesco Ltd. Grows Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Invesco Ltd. grew its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 73.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,126,703 shares of the real estate investment trust's stock after buying an additional 477,231 shares during the period. Invesco Ltd. owned approximately 1.11% of Xenia Hotels & Resorts worth $16,743,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in XHR. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Xenia Hotels & Resorts in the fourth quarter worth $30,000. Fifth Third Bancorp lifted its position 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 worth $38,000 after purchasing an additional 2,443 shares during the last quarter. KBC Group NV boosted 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 purchasing an additional 2,557 shares during the period. Finally, IFP Advisors Inc increased its position 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 worth $131,000 after acquiring an additional 1,250 shares during the period. 92.43% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on XHR shares. Morgan Stanley lowered their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday. Wells Fargo & Company dropped their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Finally, KeyCorp reduced their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $13.50.

Xenia Hotels & Resorts Stock Up 2.8 %

Shares of XHR stock traded up $0.29 during trading hours on Thursday, reaching $10.44. 456,581 shares of the company's stock were exchanged, compared to its average volume of 797,666. The stock has a market cap of $1.06 billion, a PE ratio of 45.37 and a beta of 1.38. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock's fifty day moving average price is $11.94 and its two-hundred day moving average price is $13.96. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly 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 for the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. Xenia Hotels & Resorts's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. Research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.14 per share. The ex-dividend date was Monday, March 31st. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 5.37%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 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.