Kennedy Capital Management LLC Has $14.35 Million Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Kennedy Capital Management LLC cut its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 965,801 shares of the real estate investment trust's stock after selling 53,226 shares during the period. Kennedy Capital Management LLC owned approximately 0.95% of Xenia Hotels & Resorts worth $14,352,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its position in Xenia Hotels & Resorts by 500.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at approximately $30,000. Fifth Third Bancorp boosted its holdings in 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 buying an additional 2,443 shares in the last quarter. KBC Group NV increased its holdings in shares of Xenia Hotels & Resorts by 67.1% in the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock valued at $95,000 after buying an additional 2,557 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Xenia Hotels & Resorts by 16.5% during the 4th 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. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XHR. KeyCorp reduced their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, March 24th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Jefferies Financial Group downgraded 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 research report on Wednesday, April 9th. Finally, Wells Fargo & Company lowered their price objective 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $14.63.

Xenia Hotels & Resorts Stock Down 0.6 %

Shares of XHR stock traded down $0.06 during trading on Tuesday, hitting $9.70. 217,397 shares of the company were exchanged, compared to its average volume of 794,740. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market capitalization of $983.93 million, a price-to-earnings ratio of 42.18 and a beta of 1.38. The business's 50-day simple moving average is $12.61 and its 200 day simple moving average is $14.19.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share 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 business's revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 EPS. As a group, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS 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. Shareholders of record on Monday, March 31st will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 5.77%. This is an increase 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 payout ratio is currently 373.33%.

About Xenia Hotels & Resorts

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.