Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Acquired by Woodline Partners LP

Woodline Partners LP lifted its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 58.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 690,929 shares of the real estate investment trust's stock after acquiring an additional 253,969 shares during the quarter. Woodline Partners LP owned 0.68% of Xenia Hotels & Resorts worth $10,267,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after acquiring an additional 30,186 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Xenia Hotels & Resorts by 3.0% in the 4th quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust's stock worth $26,820,000 after acquiring an additional 52,690 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Xenia Hotels & Resorts by 7.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock worth $26,580,000 after acquiring an additional 126,193 shares during the last quarter. Northern Trust Corp lifted its holdings in Xenia Hotels & Resorts by 37.5% during the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after buying an additional 455,757 shares in the last quarter. Finally, 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 valued at $24,599,000 after buying an additional 1,193,990 shares in the last quarter. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR traded up $0.05 during trading hours on Wednesday, hitting $12.13. 144,530 shares of the company were exchanged, compared to its average volume of 816,583. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. Xenia Hotels & Resorts, Inc. has a 52-week low of $8.55 and a 52-week high of $16.50. The company's 50 day moving average price is $11.07 and its 200-day moving average price is $13.42. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 52.72 and a beta of 1.60.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 2.37% and a return on equity of 1.86%. The business's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. As a group, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

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

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced 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. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.62%. The ex-dividend date is Monday, June 30th. Xenia Hotels & Resorts's payout ratio is 254.55%.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of research reports. Morgan Stanley cut their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a research report on Tuesday, April 22nd. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. KeyCorp cut 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. Finally, 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. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $13.50.

Xenia Hotels & Resorts Company 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.