Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,788,688 shares of the real estate investment trust's stock after buying an additional 126,193 shares during the quarter. JPMorgan Chase & Co. owned 1.76% of Xenia Hotels & Resorts worth $26,580,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in XHR. Prudential Financial Inc. lifted its position in shares of Xenia Hotels & Resorts by 15.6% during the fourth quarter. Prudential Financial Inc. now owns 224,576 shares of the real estate investment trust's stock worth $3,317,000 after purchasing an additional 30,276 shares in the last quarter. LPL Financial LLC lifted its holdings in Xenia Hotels & Resorts by 6.7% during the 4th quarter. LPL Financial LLC now owns 91,881 shares of the real estate investment trust's stock worth $1,365,000 after buying an additional 5,742 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in Xenia Hotels & Resorts in the 4th quarter valued at approximately $289,000. Sei Investments Co. acquired a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth $1,270,000. Finally, American Century Companies Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $470,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on XHR shares. Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock from $18.00 to $10.00 in a research note on Wednesday. Wells Fargo & Company cut 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 research note on Tuesday, February 18th. 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 dropped their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. One 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.com, the company currently has an average rating of "Hold" and an average target price of $14.63.

Xenia Hotels & Resorts Stock Up 0.2 %

Shares of NYSE:XHR traded up $0.02 during trading on Friday, hitting $9.77. 986,962 shares of the company were exchanged, compared to its average volume of 797,248. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The firm's 50 day moving average price is $12.70 and its 200-day moving average price is $14.23. The stock has a market capitalization of $991.13 million, a P/E ratio of 42.48 and a beta of 1.38. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50.

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 EPS for the quarter, topping the consensus estimate of $0.05 by $0.34. The company had revenue of $261.80 million for 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 firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 earnings per share. On average, research 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 dividend yield of 5.73%. 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 is presently 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.