Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 77.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 73,268 shares of the real estate investment trust's stock after acquiring an additional 32,025 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Xenia Hotels & Resorts worth $1,089,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of XHR. Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the 4th quarter valued at about $30,000. Fifth Third Bancorp raised its stake in 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 valued at $38,000 after buying an additional 2,443 shares during the last quarter. KBC Group NV boosted its holdings in 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 acquiring an additional 2,557 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of 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 worth $131,000 after acquiring an additional 1,250 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

Shares of XHR traded down $0.30 during mid-day trading on Tuesday, reaching $11.24. The company had a trading volume of 703,269 shares, compared to its average volume of 800,569. The stock has a 50 day moving average of $11.39 and a two-hundred day moving average of $13.71. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1.14 billion, a P/E ratio of 48.87 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, topping analysts' consensus estimates of $0.42 by $0.09. The company had revenue of $288.93 million for the quarter, compared to the consensus estimate of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. Xenia Hotels & Resorts's revenue for the quarter was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 earnings per share. On average, analysts expect 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 disclosed 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. 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 dividend on an annualized basis and a yield of 4.98%. Xenia Hotels & Resorts's dividend payout ratio is currently 254.55%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on XHR shares. Morgan Stanley decreased 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. KeyCorp cut their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company lowered their price target on 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. Finally, Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and a consensus price target of $13.50.

Xenia Hotels & Resorts 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.