Balyasny Asset Management L.P. Acquires 265,815 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Balyasny Asset Management L.P. grew its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 29.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 1.15% of Xenia Hotels & Resorts worth $17,335,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in XHR. Barclays PLC raised its stake 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 buying an additional 129,328 shares during the period. Franklin Resources Inc. raised its stake in Xenia Hotels & Resorts by 4.1% in the 3rd quarter. Franklin Resources Inc. now owns 78,864 shares of the real estate investment trust's stock valued at $1,173,000 after acquiring an additional 3,101 shares during the period. JPMorgan Chase & Co. lifted its holdings in Xenia Hotels & Resorts by 2.5% during the third quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock valued at $24,555,000 after purchasing an additional 40,807 shares during the last quarter. Nordea Investment Management AB boosted its position in 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 purchasing an additional 2,072 shares during the period. Finally, Diversified Trust Co increased its stake in shares of Xenia Hotels & Resorts by 10.1% in the fourth quarter. Diversified Trust Co now owns 35,194 shares of the real estate investment trust's stock worth $523,000 after purchasing an additional 3,229 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Trading Up 0.4 %

XHR stock traded up $0.05 during trading on Friday, reaching $11.57. The company had a trading volume of 865,482 shares, compared to its average volume of 801,231. The business has a 50 day moving average of $11.28 and a 200 day moving average of $13.64. 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 has a market cap of $1.14 billion, a P/E ratio of 50.31 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The company had revenue of $288.93 million during the quarter, compared to analysts' expectations of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. Xenia Hotels & Resorts's revenue was up 8.0% on a year-over-year basis. During the same period last year, the company posted $0.44 EPS. As a group, sell-side analysts forecast 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.14 dividend. The ex-dividend date was Monday, March 31st. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 4.84%. Xenia Hotels & Resorts's dividend payout ratio is 254.55%.

Analysts Set New Price Targets

XHR has been the subject of several analyst reports. StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. KeyCorp dropped 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 report on Monday, March 24th. Wells Fargo & Company cut their price objective on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Morgan Stanley cut 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 report on Tuesday, April 22nd. Finally, Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $13.50.

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.