Adage Capital Partners GP L.L.C. Makes New Investment in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Adage Capital Partners GP L.L.C. bought a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 49,706 shares of the real estate investment trust's stock, valued at approximately $739,000.

Other hedge funds have also made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in Xenia Hotels & Resorts by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock valued at $35,102,000 after acquiring an additional 30,186 shares during the last quarter. JPMorgan Chase & Co. raised its position in Xenia Hotels & Resorts by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock valued at $26,580,000 after purchasing an additional 126,193 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Xenia Hotels & Resorts by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust's stock worth $21,576,000 after purchasing an additional 3,748 shares during the period. Invesco Ltd. grew its holdings in shares of Xenia Hotels & Resorts by 73.5% during the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock worth $16,743,000 after purchasing an additional 477,231 shares during the period. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter worth about $15,982,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

Wall Street Analyst Weigh In

XHR has been the topic of a number of recent analyst reports. Morgan Stanley decreased their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. KeyCorp lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. Wells Fargo & Company lowered 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, StockNews.com cut Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $13.50.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $10.64 on Wednesday. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50. The company has a fifty day simple moving average of $11.63 and a two-hundred day simple moving average of $13.84. 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 company has a market cap of $1.08 billion, a price-to-earnings ratio of 46.26 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 EPS for the quarter, topping the consensus estimate of $0.05 by $0.34. The firm had revenue of $261.80 million during the quarter, compared to analysts' expectations of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. Xenia Hotels & Resorts's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.41 EPS. As a group, 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 company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.14 dividend. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 5.26%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is 373.33%.

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.

Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.