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

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

A number of other large investors also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its holdings in shares of Xenia Hotels & Resorts by 500.6% during 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 purchasing an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth about $30,000. Fifth Third Bancorp grew its position in shares of Xenia Hotels & Resorts by 2,492.9% during the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock valued at $38,000 after acquiring an additional 2,443 shares during the period. KBC Group NV raised its holdings in Xenia Hotels & Resorts by 67.1% in 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 period. Finally, IFP Advisors Inc boosted its position in Xenia Hotels & Resorts by 16.5% during the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 1,250 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of recent analyst reports. StockNews.com lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective 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 lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. Morgan Stanley lowered 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 note on Tuesday, April 22nd. Finally, KeyCorp lowered their price target on shares of 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Xenia Hotels & Resorts has an average rating of "Hold" and an average target price of $13.50.

Xenia Hotels & Resorts Stock Up 3.0 %

Shares of XHR traded up $0.34 during midday trading on Monday, reaching $11.78. The stock had a trading volume of 209,467 shares, compared to its average volume of 850,141. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The company's fifty day simple moving average is $11.47 and its two-hundred day simple moving average is $13.75. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 51.29 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $288.93 million for the quarter, compared to the consensus estimate of $276.51 million. During the same period last year, the firm posted $0.44 EPS. The company's revenue was up 8.0% on a year-over-year basis. Equities research analysts expect 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 was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.14 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a yield of 4.75%. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's payout ratio is currently 254.55%.

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.