Ameriprise Financial Inc. Sells 936,970 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Ameriprise Financial Inc. lessened its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 59.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 638,672 shares of the real estate investment trust's stock after selling 936,970 shares during the period. Ameriprise Financial Inc. owned 0.63% of Xenia Hotels & Resorts worth $9,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in XHR. Smartleaf Asset Management LLC grew its holdings in Xenia Hotels & Resorts by 500.6% in 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 buying an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter worth $30,000. Fifth Third Bancorp grew its holdings in shares of Xenia Hotels & Resorts by 2,492.9% during the 4th 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 grew its holdings in shares of Xenia Hotels & Resorts by 67.1% during the 4th 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 grew its holdings in shares of Xenia Hotels & Resorts by 16.5% during the 4th 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. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Trading Down 0.6%

XHR stock traded down $0.07 during mid-day trading on Monday, reaching $11.59. The company's stock had a trading volume of 626,215 shares, compared to its average volume of 819,354. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The business's 50 day moving average price is $11.08 and its 200 day moving average price is $13.43. The company has a market cap of $1.14 billion, a price-to-earnings ratio of 50.40 and a beta of 1.60.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $288.93 million during the quarter, compared to analysts' expectations of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company's revenue for the quarter 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. On average, equities research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts declared that its board has authorized a stock buyback program on Wednesday, May 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 4.83%. Xenia Hotels & Resorts's payout ratio is 254.55%.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Wall Street Zen raised Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Morgan Stanley reduced their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research note on Tuesday, April 22nd. Wells Fargo & Company reduced their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research note on Tuesday, February 18th. 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. Finally, Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Xenia Hotels & Resorts presently 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 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.