40,663 Shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR) Acquired by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. acquired a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 40,663 shares of the real estate investment trust's stock, valued at approximately $613,000.

A number of other hedge funds have also modified their holdings of XHR. Norges Bank bought a new stake in Xenia Hotels & Resorts during the 4th quarter worth approximately $5,134,000. ExodusPoint Capital Management LP grew its stake in shares of Xenia Hotels & Resorts by 68.6% during the fourth quarter. ExodusPoint Capital Management LP now owns 699,385 shares of the real estate investment trust's stock worth $10,393,000 after purchasing an additional 284,563 shares during the period. Barclays PLC grew its position in shares of Xenia Hotels & Resorts by 295.7% during the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock worth $2,555,000 after buying an additional 129,328 shares during the period. JPMorgan Chase & Co. increased its stake in Xenia Hotels & Resorts by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock valued at $26,580,000 after purchasing an additional 126,193 shares in the last quarter. Finally, State Street Corp increased its position in shares of Xenia Hotels & Resorts by 1.8% in the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock valued at $91,597,000 after buying an additional 108,798 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XHR has been the subject of several research analyst reports. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. KeyCorp decreased their price objective 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. Wells Fargo & Company dropped their target price on 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. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. 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. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $14.63.

Xenia Hotels & Resorts Stock Up 0.5 %

XHR traded up $0.05 on Wednesday, hitting $9.83. 79,377 shares of the company were exchanged, compared to its average volume of 852,794. 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 stock's fifty day moving average is $12.51 and its 200-day moving average is $14.16. The company has a market cap of $997.12 million, a PE ratio of 42.74 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 data on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.05 by $0.34. The company had revenue of $261.80 million during the quarter, compared to the consensus estimate 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 for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Equities research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend 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 annualized dividend and a dividend yield of 5.70%. Xenia Hotels & Resorts's payout ratio is currently 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.