Y Intercept Hong Kong Ltd bought a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 37,296 shares of the real estate investment trust's stock, valued at approximately $554,000.
Other large investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC lifted 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 buying an additional 60,323 shares in the last quarter. Barclays PLC lifted its stake in Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock worth $2,555,000 after purchasing an additional 129,328 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of 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 valued at $34,443,000 after purchasing an additional 59,212 shares in the last quarter. JPMorgan Chase & Co. lifted its position 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 worth $24,555,000 after buying an additional 40,807 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Xenia Hotels & Resorts by 370.5% during the 3rd 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 valued at $10,619,000 after buying an additional 566,144 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.
Xenia Hotels & Resorts Stock Up 0.8 %
Shares of Xenia Hotels & Resorts stock traded up $0.11 during trading on Wednesday, reaching $13.29. The company's stock had a trading volume of 857,261 shares, compared to its average volume of 701,916. The company has a 50-day simple moving average of $14.59 and a two-hundred day simple moving average of $14.70. 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, Inc. has a 1-year low of $12.34 and a 1-year high of $16.50. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 57.77 and a beta of 1.47.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings data 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. 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 net margin of 2.37% and a return on equity of 1.86%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, equities 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.21%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's payout ratio is 373.33%.
Analyst Ratings Changes
XHR has been the topic of several recent research reports. Wells Fargo & Company decreased their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group upped their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a report on Thursday, January 2nd. Finally, StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $17.38.
Read Our Latest Stock Report on XHR
Xenia Hotels & Resorts Company Profile
(
Free Report)
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.
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