Prudential Financial Inc. Acquires 30,276 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Prudential Financial Inc. grew its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 15.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 224,576 shares of the real estate investment trust's stock after buying an additional 30,276 shares during the period. Prudential Financial Inc. owned 0.22% of Xenia Hotels & Resorts worth $3,317,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Public Employees Retirement System of Ohio grew its position in shares of Xenia Hotels & Resorts by 0.4% during the third quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust's stock valued at $3,776,000 after purchasing an additional 962 shares in the last quarter. Metis Global Partners LLC boosted its stake in Xenia Hotels & Resorts by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock valued at $174,000 after buying an additional 1,194 shares during the last quarter. IFP Advisors Inc grew its holdings in 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 buying an additional 1,250 shares in the last quarter. MML Investors Services LLC increased its stake in Xenia Hotels & Resorts by 12.0% in the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust's stock worth $184,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Swiss National Bank increased its stake in Xenia Hotels & Resorts by 0.8% in the 4th quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust's stock worth $2,981,000 after acquiring an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Trading Down 3.1 %

XHR traded down $0.31 during trading on Monday, reaching $9.50. The company had a trading volume of 1,780,989 shares, compared to its average volume of 780,982. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The business has a 50 day simple moving average of $13.31 and a 200-day simple moving average of $14.45. The stock has a market cap of $963.06 million, a P/E ratio of 41.31 and a beta of 1.38. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.91 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.34. The firm had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business earned $0.41 EPS. On average, equities analysts anticipate 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 dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.89%. The ex-dividend date is Monday, March 31st. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's payout ratio is 373.33%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on XHR shares. StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Jefferies Financial Group increased their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. Wells Fargo & Company dropped 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 research note on Tuesday, February 18th. Finally, KeyCorp decreased their target price 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, one has assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $17.13.

Xenia Hotels & Resorts 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.