Vanguard Group Inc. Has $250.28 Million Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Vanguard Group Inc. cut its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 16,842,603 shares of the real estate investment trust's stock after selling 251,249 shares during the quarter. Vanguard Group Inc. owned 16.54% of Xenia Hotels & Resorts worth $250,281,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of XHR. Wellington Management Group LLP boosted its stake in Xenia Hotels & Resorts by 5.0% during the third 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 lifted its holdings in 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 acquiring an additional 108,798 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Xenia Hotels & Resorts by 2.3% during 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 in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after purchasing an additional 30,186 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Xenia Hotels & Resorts by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock worth $24,555,000 after purchasing an additional 40,807 shares in the last quarter. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Down 7.8 %

Xenia Hotels & Resorts stock traded down $0.83 during mid-day trading on Thursday, hitting $9.71. The company's stock had a trading volume of 1,486,343 shares, compared to its average volume of 795,163. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. Xenia Hotels & Resorts, Inc. has a 52-week low of $8.55 and a 52-week high of $16.50. The firm's 50 day moving average is $12.80 and its 200 day moving average is $14.27. The company has a market cap of $985.25 million, a PE ratio of 42.23 and a beta of 1.38.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business had revenue of $261.80 million during the quarter, compared to analysts' expectations of $263.47 million. During the same period last year, the company posted $0.41 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. On average, analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed 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 dividend yield of 5.77%. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 373.33%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com lowered shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $18.00 to $10.00 in a research report on Wednesday. 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 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 on the stock in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of "Hold" and a consensus price target of $14.63.

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.