Cramer Rosenthal Mcglynn LLC Buys 294,316 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Cramer Rosenthal Mcglynn LLC increased its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 43.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 975,732 shares of the real estate investment trust's stock after purchasing an additional 294,316 shares during the period. Cramer Rosenthal Mcglynn LLC owned approximately 0.96% of Xenia Hotels & Resorts worth $14,499,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Invesco Ltd. boosted its position in shares of Xenia Hotels & Resorts by 73.5% in the fourth quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock valued at $16,743,000 after acquiring an additional 477,231 shares during the period. Norges Bank acquired a new position in Xenia Hotels & Resorts during the 4th quarter valued at $5,134,000. ExodusPoint Capital Management LP raised its stake in Xenia Hotels & Resorts by 68.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 699,385 shares of the real estate investment trust's stock valued at $10,393,000 after purchasing an additional 284,563 shares during the last quarter. Employees Retirement System of Texas bought a new stake in Xenia Hotels & Resorts in the 4th quarter valued at $2,601,000. Finally, Barclays PLC grew its position in Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock worth $2,555,000 after purchasing an additional 129,328 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR traded up $0.30 during trading on Wednesday, reaching $10.29. The company had a trading volume of 270,228 shares, compared to its average volume of 796,183. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The business's 50 day moving average price is $12.03 and its 200-day moving average price is $13.99. The stock has a market cap of $1.04 billion, a PE ratio of 44.74 and a beta of 1.38.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. During the same quarter in the prior year, the firm posted $0.41 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced 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 is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 5.44%. Xenia Hotels & Resorts's payout ratio is presently 373.33%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on XHR shares. Wells Fargo & Company decreased their target price on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. KeyCorp reduced their target price on shares of 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 cut their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $13.50.

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.