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

Millennium Management LLC lifted its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,804,855 shares of the real estate investment trust's stock after acquiring an additional 52,690 shares during the period. Millennium Management LLC owned approximately 1.77% of Xenia Hotels & Resorts worth $26,820,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock valued at $2,555,000 after buying an additional 129,328 shares during the period. Smartleaf Asset Management LLC raised its stake in shares of 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 valued at $30,000 after purchasing an additional 1,657 shares during the period. Principal Financial Group Inc. grew its stake in Xenia Hotels & Resorts by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 493,798 shares of the real estate investment trust's stock valued at $7,338,000 after acquiring an additional 13,178 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $15,982,000. Finally, Alyeska Investment Group L.P. raised its stake in Xenia Hotels & Resorts by 258.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock worth $24,599,000 after acquiring an additional 1,193,990 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR traded down $0.07 during trading hours on Friday, hitting $11.59. 626,215 shares of the company traded hands, compared to its average volume of 819,354. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 50.40 and a beta of 1.60. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average of $11.11 and a 200 day moving average of $13.46. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50.

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

Xenia Hotels & Resorts declared that its board has authorized a share repurchase plan on Wednesday, May 14th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.14 dividend. 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 dividend payout ratio is currently 254.55%.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KeyCorp reduced 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. Wells Fargo & Company dropped their price target 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. Morgan Stanley lowered 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. Wall Street Zen upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Finally, Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. One equities 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. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $13.50.

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.