Bank of America Corp DE Grows Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Bank of America Corp DE boosted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 89.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 272,368 shares of the real estate investment trust's stock after purchasing an additional 128,721 shares during the period. Bank of America Corp DE owned 0.27% of Xenia Hotels & Resorts worth $4,047,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Alyeska Investment Group L.P. lifted its holdings in Xenia Hotels & Resorts by 258.8% during the 4th 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 purchasing an additional 1,193,990 shares during the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at $15,982,000. Invesco Ltd. grew its holdings in shares of Xenia Hotels & Resorts by 73.5% during the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock worth $16,743,000 after purchasing an additional 477,231 shares in the last quarter. Northern Trust Corp increased its position in shares of Xenia Hotels & Resorts by 37.5% in the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock worth $24,833,000 after purchasing an additional 455,757 shares during the period. Finally, Norges Bank acquired a new position in Xenia Hotels & Resorts in the fourth quarter valued at about $5,134,000. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Up 0.4%

Xenia Hotels & Resorts stock traded up $0.05 during midday trading on Friday, reaching $12.25. The stock had a trading volume of 1,037,402 shares, compared to its average volume of 817,202. 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 company has a fifty day moving average price of $11.05 and a two-hundred day moving average price of $13.36. The company has a market capitalization of $1.21 billion, a P/E ratio of 53.26 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50.

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 earnings per share for the quarter, topping the consensus estimate 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 prior year, the company earned $0.44 EPS. The firm's quarterly revenue was up 8.0% compared to the same quarter last year. As a group, equities 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 announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.56 dividend on an annualized basis and a yield of 4.57%. Xenia Hotels & Resorts's dividend payout ratio is presently 254.55%.

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

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XHR. KeyCorp reduced 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 note 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 research 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 research report on Wednesday, April 9th. 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 research report on Tuesday, February 18th. Finally, Wall Street Zen upgraded Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Monday, May 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price 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.