Deutsche Bank AG Buys 27,033 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Deutsche Bank AG increased its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 25.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 133,162 shares of the real estate investment trust's stock after acquiring an additional 27,033 shares during the quarter. Deutsche Bank AG owned about 0.13% of Xenia Hotels & Resorts worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Metis Global Partners LLC increased its stake in shares of Xenia Hotels & Resorts by 11.4% during 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 purchasing an additional 1,194 shares in the last quarter. IFP Advisors Inc grew its stake in shares of Xenia Hotels & Resorts by 16.5% in the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock worth $131,000 after buying an additional 1,250 shares during the last quarter. Swiss National Bank increased its position in Xenia Hotels & Resorts by 0.8% during the 4th quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust's stock valued at $2,981,000 after buying an additional 1,500 shares in the last quarter. Smartleaf Asset Management LLC increased its position in 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 buying an additional 1,657 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Xenia Hotels & Resorts by 2.6% during the fourth quarter. MetLife Investment Management LLC now owns 65,000 shares of the real estate investment trust's stock valued at $966,000 after buying an additional 1,661 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Morgan Stanley cut their target price 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 cut their price objective on shares of 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. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. KeyCorp dropped 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, Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price target for the company from $18.00 to $10.00 in a research report 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. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $13.50.

Xenia Hotels & Resorts Stock Performance

NYSE XHR traded up $0.10 during trading hours on Thursday, hitting $12.19. The company's stock had a trading volume of 700,788 shares, compared to its average volume of 820,979. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The company's 50 day simple moving average is $11.05 and its two-hundred day simple moving average is $13.39. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market cap of $1.20 billion, a P/E ratio of 53.02 and a beta of 1.60.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. The firm had revenue of $288.93 million during the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the previous year, the business posted $0.44 earnings per share. As a group, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be issued 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 4.59%. Xenia Hotels & Resorts's payout ratio is 254.55%.

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

About Xenia Hotels & Resorts

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.