Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Martingale Asset Management L P

Martingale Asset Management L P trimmed its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 12.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 189,394 shares of the real estate investment trust's stock after selling 27,519 shares during the period. Martingale Asset Management L P owned approximately 0.19% of Xenia Hotels & Resorts worth $2,814,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Xenia Hotels & Resorts by 500.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,657 shares during the period. Creekmur Asset Management LLC bought a new position in Xenia Hotels & Resorts in the 4th quarter worth approximately $30,000. Fifth Third Bancorp lifted its position in Xenia Hotels & Resorts by 2,492.9% in the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock worth $38,000 after buying an additional 2,443 shares during the last quarter. KBC Group NV increased its holdings in Xenia Hotels & Resorts by 67.1% during the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 2,557 shares during the period. Finally, IFP Advisors Inc boosted its stake in Xenia Hotels & Resorts by 16.5% in the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 1,250 shares in the last quarter. Institutional investors own 92.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com cut shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. Wells Fargo & Company reduced their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research report on Tuesday, February 18th. Finally, KeyCorp cut 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of "Hold" and an average price target of $14.63.

Xenia Hotels & Resorts Trading Up 0.2 %

Shares of NYSE:XHR traded up $0.02 on Wednesday, hitting $9.80. The company had a trading volume of 105,777 shares, compared to its average volume of 795,331. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50. 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 firm's 50-day simple moving average is $12.51 and its two-hundred day simple moving average is $14.16. The firm has a market capitalization of $994.07 million, a price-to-earnings ratio of 42.61 and a beta of 1.38.

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 for the quarter, beating the consensus estimate 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. Xenia Hotels & Resorts's revenue was up 3.3% compared to the same quarter last year. Equities analysts anticipate 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 announced 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.71%. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio is 373.33%.

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.