Legal & General Group Plc Cuts Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Legal & General Group Plc reduced its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 9.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 737,267 shares of the real estate investment trust's stock after selling 79,505 shares during the quarter. Legal & General Group Plc owned 0.72% of Xenia Hotels & Resorts worth $10,956,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of Xenia Hotels & Resorts by 2.3% during 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 acquiring an additional 60,323 shares in the last quarter. Barclays PLC increased its holdings in shares of 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 purchasing an additional 129,328 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Xenia Hotels & Resorts by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock worth $24,555,000 after purchasing an additional 40,807 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Xenia Hotels & Resorts by 500.6% during the fourth 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 in the last quarter. Finally, Nordea Investment Management AB boosted its position in shares of Xenia Hotels & Resorts by 2.0% during the fourth quarter. Nordea Investment Management AB now owns 106,400 shares of the real estate investment trust's stock valued at $1,599,000 after buying an additional 2,072 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

XHR has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their target price for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. Wells Fargo & Company decreased their price objective on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. StockNews.com cut shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. Finally, KeyCorp decreased their target price 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. 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 stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has an average rating of "Hold" and an average target price of $14.63.

Xenia Hotels & Resorts Stock Performance

NYSE XHR traded up $0.17 during trading hours on Friday, hitting $9.89. 764,831 shares of the company's stock traded hands, compared to its average volume of 797,487. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50. The firm has a market capitalization of $1.00 billion, a P/E ratio of 42.99 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 business's fifty day moving average price is $12.21 and its two-hundred day moving average price is $14.06.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings data 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. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. During the same quarter in the previous year, the firm posted $0.41 EPS. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.14 per share. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date was Monday, March 31st. Xenia Hotels & Resorts's payout ratio is presently 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.