Zurcher Kantonalbank Zurich Cantonalbank Buys 22,463 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 51.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,068 shares of the real estate investment trust's stock after buying an additional 22,463 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned approximately 0.06% of Xenia Hotels & Resorts worth $982,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of XHR. Wellington Management Group LLP increased its stake in shares of Xenia Hotels & Resorts by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock valued at $143,354,000 after acquiring an additional 465,141 shares in the last quarter. State Street Corp raised its holdings in shares of Xenia Hotels & Resorts by 1.8% during the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock valued at $91,597,000 after purchasing an additional 108,798 shares during the period. Geode Capital Management LLC grew its stake in shares of Xenia Hotels & Resorts by 2.3% in the 3rd 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 buying an additional 60,323 shares during the period. Charles Schwab Investment Management Inc. increased its position in Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock valued at $35,102,000 after buying an additional 30,186 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in 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 acquiring an additional 40,807 shares in the last quarter. Institutional investors own 92.43% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Wells Fargo & Company lowered 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. KeyCorp lowered 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 report on Monday. StockNews.com upgraded shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group upped their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $17.13.

Xenia Hotels & Resorts Stock Up 1.7 %

Shares of NYSE XHR traded up $0.22 during trading on Monday, hitting $12.70. The stock had a trading volume of 694,889 shares, compared to its average volume of 718,645. The firm has a fifty day moving average of $14.05 and a two-hundred day moving average of $14.62. The company has a market capitalization of $1.29 billion, a PE ratio of 55.20 and a beta of 1.47. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. Xenia Hotels & Resorts, Inc. has a 12 month low of $12.04 and a 12 month high of $16.50.

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, topping 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 business had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. During the same period in the prior year, the firm posted $0.41 EPS. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research 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 disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.41%. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. 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.