Land & Buildings Investment Management LLC Purchases 52,500 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Land & Buildings Investment Management LLC boosted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 5.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,078,910 shares of the real estate investment trust's stock after purchasing an additional 52,500 shares during the period. Xenia Hotels & Resorts comprises about 3.2% of Land & Buildings Investment Management LLC's holdings, making the stock its 15th largest holding. Land & Buildings Investment Management LLC owned about 1.06% of Xenia Hotels & Resorts worth $16,033,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also added to or reduced their stakes in XHR. Charles Schwab Investment Management Inc. raised its stake in Xenia Hotels & Resorts by 1.3% during the fourth 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 buying an additional 30,186 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Xenia Hotels & Resorts by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock valued at $26,580,000 after acquiring an additional 126,193 shares during the period. Northern Trust Corp increased its holdings in shares of Xenia Hotels & Resorts by 37.5% during the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after acquiring an additional 455,757 shares in the last quarter. Alyeska Investment Group L.P. increased its stake 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 purchasing an additional 1,193,990 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Xenia Hotels & Resorts by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust's stock worth $21,576,000 after buying an additional 3,748 shares during the last quarter. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Price Performance

NYSE:XHR traded down $0.03 during trading hours on Thursday, hitting $12.22. The stock had a trading volume of 855,091 shares, compared to its average volume of 808,587. The company has a 50 day simple moving average of $11.22 and a two-hundred day simple moving average of $13.60. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 53.13 and a beta of 1.60. 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 one year low of $8.55 and a one year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced 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. The business had revenue of $288.93 million for the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.44 EPS. Research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts declared that its board has approved a share buyback 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 reacquire up to 8.3% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.58%. The ex-dividend date of this dividend is Monday, June 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 254.55%.

Analyst Ratings Changes

A number of research firms recently commented on XHR. Wells Fargo & Company lowered their price target on 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. KeyCorp dropped 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 research note on Monday, March 24th. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. Finally, Morgan Stanley cut their price target on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. 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 stock. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and a consensus 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.