Envestnet Asset Management Inc. Increases Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Envestnet Asset Management Inc. grew its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 77.6% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 73,268 shares of the real estate investment trust's stock after buying an additional 32,025 shares during the period. Envestnet Asset Management Inc. owned 0.07% of Xenia Hotels & Resorts worth $1,089,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC raised its holdings 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 worth $30,000 after purchasing an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in Xenia Hotels & Resorts during the fourth quarter worth about $30,000. Fifth Third Bancorp raised its holdings in Xenia Hotels & Resorts by 2,492.9% during 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 in the last quarter. KBC Group NV raised its holdings in Xenia Hotels & Resorts by 67.1% during the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock worth $95,000 after purchasing an additional 2,557 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings 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 worth $131,000 after purchasing an additional 1,250 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on XHR shares. StockNews.com cut shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. KeyCorp dropped their target price 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. Morgan Stanley dropped their target price 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, April 22nd. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their target price for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. Finally, Wells Fargo & Company dropped their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of "Hold" and a consensus target price of $13.50.

Xenia Hotels & Resorts Stock Up 0.5 %

XHR stock opened at $10.67 on Thursday. The company's 50 day simple moving average is $11.56 and its 200-day simple moving average is $13.81. The firm has a market capitalization of $1.08 billion, a PE ratio of 46.39 and a beta of 1.38. 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.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.41 earnings per share. Equities analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date 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 currently 373.33%.

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.

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