BROOKFIELD Corp ON Takes $6.22 Million Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

BROOKFIELD Corp ON acquired a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 418,457 shares of the real estate investment trust's stock, valued at approximately $6,218,000. BROOKFIELD Corp ON owned 0.41% of Xenia Hotels & Resorts at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of XHR. Smartleaf Asset Management LLC grew its stake in Xenia Hotels & Resorts by 500.6% during the fourth 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 in the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $30,000. Fifth Third Bancorp increased its holdings in shares of Xenia Hotels & Resorts by 2,492.9% in the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock worth $38,000 after purchasing an additional 2,443 shares during the last quarter. KBC Group NV lifted its position in shares of Xenia Hotels & Resorts by 67.1% in the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock worth $95,000 after buying an additional 2,557 shares in the last quarter. Finally, IFP Advisors Inc boosted its stake 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 valued at $131,000 after buying an additional 1,250 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on XHR shares. KeyCorp reduced 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 decreased their price target for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. Wells Fargo & Company dropped 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 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. Finally, StockNews.com upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.50.

Xenia Hotels & Resorts Trading Up 0.4 %

Shares of XHR traded up $0.05 during mid-day trading on Friday, reaching $11.57. 865,482 shares of the company's stock 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 company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market cap of $1.14 billion, a P/E ratio of 50.31 and a beta of 1.60. The stock's 50-day moving average is $11.28 and its two-hundred day moving average is $13.64.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The business 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 business's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.44 earnings per share. Research 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 business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.14 dividend. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio is currently 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.