683 Capital Management LLC Sells 318,010 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

683 Capital Management LLC cut its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 24.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,001,990 shares of the real estate investment trust's stock after selling 318,010 shares during the quarter. Xenia Hotels & Resorts accounts for about 0.9% of 683 Capital Management LLC's holdings, making the stock its 19th biggest holding. 683 Capital Management LLC owned about 0.98% of Xenia Hotels & Resorts worth $14,890,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Smartleaf Asset Management LLC raised its holdings in Xenia Hotels & Resorts by 500.6% in 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 buying an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth $30,000. Fifth Third Bancorp increased its holdings 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 valued at $38,000 after purchasing an additional 2,443 shares during the period. KBC Group NV raised its position 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 last quarter. Finally, IFP Advisors Inc lifted its holdings in Xenia Hotels & Resorts by 16.5% during the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock worth $131,000 after buying an additional 1,250 shares during the period. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Up 2.1 %

Shares of NYSE XHR traded up $0.24 during midday trading on Wednesday, hitting $11.47. 582,315 shares of the stock traded hands, compared to its average volume of 799,726. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The business has a 50 day moving average price of $11.39 and a two-hundred day moving average price of $13.71. 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 company has a market cap of $1.16 billion, a PE ratio of 49.92 and a beta of 1.60.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $288.93 million for the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm earned $0.44 earnings per share. On average, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.14 per share. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 4.88%. Xenia Hotels & Resorts's payout ratio is presently 254.55%.

Wall Street Analyst Weigh In

XHR has been the subject of a number of analyst reports. Jefferies Financial Group downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. KeyCorp lowered their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. 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 report on Tuesday, February 18th. Morgan Stanley dropped their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Finally, StockNews.com raised Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $13.50.

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.