Ameriprise Financial Inc. Has $9.50 Million Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Ameriprise Financial Inc. reduced its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 59.5% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 638,672 shares of the real estate investment trust's stock after selling 936,970 shares during the quarter. Ameriprise Financial Inc. owned about 0.63% of Xenia Hotels & Resorts worth $9,497,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Metis Global Partners LLC grew its holdings in shares of Xenia Hotels & Resorts by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock valued at $174,000 after acquiring an additional 1,194 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of Xenia Hotels & Resorts by 16.5% in 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 period. Swiss National Bank raised its position in shares of Xenia Hotels & Resorts by 0.8% in the fourth quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust's stock worth $2,981,000 after buying an additional 1,500 shares in the last quarter. Smartleaf Asset Management LLC raised its position in shares of Xenia Hotels & Resorts by 500.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock worth $30,000 after buying an additional 1,657 shares in the last quarter. Finally, MetLife Investment Management LLC raised its position in shares of Xenia Hotels & Resorts by 2.6% in the fourth quarter. MetLife Investment Management LLC now owns 65,000 shares of the real estate investment trust's stock worth $966,000 after buying an additional 1,661 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on XHR. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. Wells Fargo & Company decreased 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 research note on Tuesday, February 18th. StockNews.com upgraded shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Morgan Stanley dropped their price target on shares of 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. Finally, KeyCorp decreased their price objective on shares of 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.50.

Xenia Hotels & Resorts Stock Down 2.1%

Shares of NYSE XHR opened at $11.88 on Wednesday. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of 51.65 and a beta of 1.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts, Inc. has a 52-week low of $8.55 and a 52-week high of $16.50. The business's 50 day moving average is $11.17 and its two-hundred day moving average is $13.53.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, topping the consensus estimate of $0.42 by $0.09. The business had revenue of $288.93 million during the quarter, compared to the consensus estimate of $276.51 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 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts announced that its Board of Directors has authorized a stock repurchase program on Wednesday, May 14th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to buy up to 8.3% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's board believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.14 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.56 annualized dividend and a yield of 4.71%. Xenia Hotels & Resorts's dividend payout ratio is presently 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.

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