Alyeska Investment Group L.P. Grows Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Alyeska Investment Group L.P. lifted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 258.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,655,365 shares of the real estate investment trust's stock after purchasing an additional 1,193,990 shares during the period. Alyeska Investment Group L.P. owned 1.63% of Xenia Hotels & Resorts worth $24,599,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of XHR. Barclays PLC raised its position in shares of Xenia Hotels & Resorts by 295.7% in the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock valued at $2,555,000 after purchasing an additional 129,328 shares during the period. JPMorgan Chase & Co. grew its stake in 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 valued at $24,555,000 after buying an additional 40,807 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in 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 acquiring an additional 1,657 shares during the period. Nordea Investment Management AB lifted its position in shares of Xenia Hotels & Resorts by 2.0% during the fourth quarter. Nordea Investment Management AB now owns 106,400 shares of the real estate investment trust's stock worth $1,599,000 after acquiring an additional 2,072 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 2.7% in the fourth quarter. Principal Financial Group Inc. now owns 493,798 shares of the real estate investment trust's stock worth $7,338,000 after acquiring an additional 13,178 shares during the period. Hedge funds and other institutional investors own 92.43% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on XHR. KeyCorp decreased their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. Jefferies Financial Group downgraded shares of 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 report on Wednesday, April 9th. Morgan Stanley cut their price objective on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company reduced their price target on shares of 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.50.

Xenia Hotels & Resorts Price Performance

Shares of Xenia Hotels & Resorts stock traded up $0.05 on Friday, hitting $11.57. 865,482 shares of the company traded hands, compared to its average volume of 801,231. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The firm's 50-day simple moving average is $11.28 and its 200 day simple moving average is $13.64. The company has a market cap of $1.14 billion, a P/E ratio of 50.31 and a beta of 1.60. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating the consensus estimate 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 return on equity of 1.86% and a net margin of 2.37%. The company's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.44 EPS. Analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.84%. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio is presently 254.55%.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.