Bank of New York Mellon Corp Reduces Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Bank of New York Mellon Corp lowered its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 893,238 shares of the real estate investment trust's stock after selling 29,882 shares during the period. Bank of New York Mellon Corp owned approximately 0.88% of Xenia Hotels & Resorts worth $13,274,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Wellington Management Group LLP raised its position 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 buying an additional 465,141 shares in the last quarter. State Street Corp boosted its stake 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 purchasing an additional 108,798 shares during the last quarter. Geode Capital Management LLC boosted 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 purchasing an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Xenia Hotels & Resorts by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust's stock worth $34,443,000 after acquiring an additional 59,212 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Xenia Hotels & Resorts by 2.5% during 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.

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Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR traded up $0.30 during midday trading on Friday, hitting $12.61. 687,784 shares of the company's stock traded hands, compared to its average volume of 758,032. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.28 and a 1 year high of $16.50. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 54.81 and a beta of 1.47. 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 fifty day moving average of $14.26 and a 200 day moving average of $14.66.

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

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.44%. 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 dividend payout ratio is presently 373.33%.

Analyst Ratings Changes

Several brokerages have recently commented on XHR. Wells Fargo & Company lowered their target price 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 upgraded shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group lifted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $17.38.

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.