Xenia Hotels & Resorts, Inc. (NYSE:XHR) Stock Holdings Lifted by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. lifted its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 29.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,166,579 shares of the real estate investment trust's stock after purchasing an additional 265,815 shares during the quarter. Balyasny Asset Management L.P. owned about 1.15% of Xenia Hotels & Resorts worth $17,335,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Xenia Hotels & Resorts by 89.6% in the fourth quarter. Bank of America Corp DE now owns 272,368 shares of the real estate investment trust's stock valued at $4,047,000 after purchasing an additional 128,721 shares in the last quarter. Alyeska Investment Group L.P. grew its position in shares of Xenia Hotels & Resorts by 258.8% in the fourth quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock valued at $24,599,000 after purchasing an additional 1,193,990 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Xenia Hotels & Resorts by 44.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,009 shares of the real estate investment trust's stock valued at $297,000 after purchasing an additional 6,137 shares in the last quarter. Northern Trust Corp lifted its holdings in Xenia Hotels & Resorts by 37.5% in the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after acquiring an additional 455,757 shares during the last quarter. Finally, Two Sigma Securities LLC acquired a new position in Xenia Hotels & Resorts in the fourth quarter valued at approximately $175,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 0.6%

XHR stock traded up $0.07 during trading on Tuesday, reaching $12.37. The stock had a trading volume of 141,005 shares, compared to its average volume of 801,317. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.22 billion, a P/E ratio of 53.78 and a beta of 1.60. The firm has a fifty day moving average price of $11.26 and a 200 day moving average price of $13.62.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, topping 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 analyst estimates of $276.51 million. During the same quarter in the previous year, the business posted $0.44 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.53%. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's dividend payout ratio is 254.55%.

Analysts Set New Price Targets

XHR has been the topic of a number of research reports. Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. StockNews.com upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. 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 research note on Tuesday, February 18th. KeyCorp decreased their price target 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. Finally, Morgan Stanley reduced 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. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts has an average rating of "Hold" and a consensus price target of $13.50.

About Xenia Hotels & Resorts

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.