Teacher Retirement System of Texas Buys 77,941 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Teacher Retirement System of Texas raised its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 147.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,888 shares of the real estate investment trust's stock after purchasing an additional 77,941 shares during the quarter. Teacher Retirement System of Texas owned 0.13% of Xenia Hotels & Resorts worth $1,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of XHR. Geode Capital Management LLC grew its holdings in shares of Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock worth $39,135,000 after buying an additional 60,323 shares in the last quarter. Barclays PLC boosted its position in Xenia Hotels & Resorts by 295.7% during the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock worth $2,555,000 after acquiring an additional 129,328 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 2.6% during the 3rd 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. JPMorgan Chase & Co. raised its holdings in shares of 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 valued at $24,555,000 after purchasing an additional 40,807 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Xenia Hotels & Resorts by 370.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust's stock worth $10,619,000 after purchasing an additional 566,144 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms recently weighed in on XHR. Jefferies Financial Group raised their target price 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. KeyCorp lowered their target price on 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. StockNews.com cut Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Monday, March 24th. 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. One investment 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's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $17.13.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock traded down $0.05 on Monday, reaching $11.77. The stock had a trading volume of 677,795 shares, compared to its average volume of 772,260. Xenia Hotels & Resorts, Inc. has a 12 month low of $11.43 and a 12 month high of $16.50. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 51.15 and a beta of 1.47. The firm's 50-day moving average is $13.74 and its two-hundred day moving average is $14.57. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) 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 firm had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. During the same quarter in the prior year, the company earned $0.41 earnings per share. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS 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. Shareholders of record on Monday, March 31st will be issued a dividend of $0.14 per share. This is an increase 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 yield of 4.76%. Xenia Hotels & Resorts's dividend payout ratio (DPR) 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.