Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Acquired by Invesco Ltd.

Invesco Ltd. lifted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 73.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,126,703 shares of the real estate investment trust's stock after purchasing an additional 477,231 shares during the period. Invesco Ltd. owned about 1.11% of Xenia Hotels & Resorts worth $16,743,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its stake in shares of 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 worth $30,000 after purchasing an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC acquired a new stake in Xenia Hotels & Resorts during the fourth quarter worth approximately $30,000. Fifth Third Bancorp grew its stake in Xenia Hotels & Resorts by 2,492.9% in the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock worth $38,000 after acquiring an additional 2,443 shares during the period. KBC Group NV raised its holdings in Xenia Hotels & Resorts by 67.1% in the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust's stock valued at $95,000 after acquiring an additional 2,557 shares during the last quarter. Finally, IFP Advisors Inc lifted its stake in shares of Xenia Hotels & Resorts by 16.5% during the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock worth $131,000 after purchasing an additional 1,250 shares during the period. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently commented on XHR. Jefferies Financial Group lowered 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 note on Wednesday, April 9th. Morgan Stanley dropped their price objective on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday. Wells Fargo & Company decreased their target price 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. StockNews.com lowered shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Finally, KeyCorp decreased their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of "Hold" and an average target price of $13.50.

Xenia Hotels & Resorts Trading Down 0.0 %

XHR traded down $0.01 during trading on Friday, hitting $10.41. 85,862 shares of the company's stock were exchanged, compared to its average volume of 796,474. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50. The stock has a 50 day moving average price of $11.86 and a 200 day moving average price of $13.93. The firm has a market cap of $1.06 billion, a P/E ratio of 45.20 and a beta of 1.38. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $261.80 million during the quarter, compared to analysts' expectations of $263.47 million. During the same period in the prior year, the company earned $0.41 EPS. The firm's revenue was up 3.3% on a year-over-year basis. As a group, analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a dividend of $0.14 per share. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 5.38%. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 373.33%.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of 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.