Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 893,238 shares of the real estate investment trust's stock after selling 29,882 shares during the quarter. Bank of New York Mellon Corp owned 0.88% of Xenia Hotels & Resorts worth $13,274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of XHR. Van ECK Associates Corp raised its position in shares of Xenia Hotels & Resorts by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 17,522 shares of the real estate investment trust's stock worth $251,000 after purchasing an additional 1,923 shares during the last quarter. Victory Capital Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 66.7% during the 3rd quarter. Victory Capital Management Inc. now owns 105,426 shares of the real estate investment trust's stock valued at $1,557,000 after purchasing an additional 42,191 shares during the period. Metis Global Partners LLC bought a new position in shares of Xenia Hotels & Resorts during the 3rd quarter valued at approximately $155,000. Thrivent Financial for Lutherans grew its stake in shares of Xenia Hotels & Resorts by 47.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 198,545 shares of the real estate investment trust's stock valued at $2,933,000 after acquiring an additional 63,490 shares during the period. Finally, Intech Investment Management LLC purchased a new position in Xenia Hotels & Resorts in the 3rd quarter worth approximately $356,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

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Analysts Set New Price Targets

Several analysts recently weighed in on the company. Jefferies Financial Group increased their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. StockNews.com raised Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company decreased their price target on 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of "Moderate Buy" and an average target price of $17.38.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock traded up $0.30 during mid-day trading on Friday, reaching $12.61. 687,784 shares of the company were exchanged, compared to its average volume of 758,032. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.28 and a twelve month high of $16.50. The firm's 50-day simple moving average is $14.26 and its two-hundred day simple moving average is $14.66. 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 market cap of $1.28 billion, a PE ratio of 54.81 and a beta of 1.47.

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 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.34. The business 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 business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 earnings per share. Equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.14 dividend. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 4.44%. Xenia Hotels & Resorts's payout ratio is 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.