Legal & General Group Plc Sells 79,505 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Legal & General Group Plc decreased its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 9.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 737,267 shares of the real estate investment trust's stock after selling 79,505 shares during the period. Legal & General Group Plc owned approximately 0.72% of Xenia Hotels & Resorts worth $10,956,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Metis Global Partners LLC boosted its holdings in Xenia Hotels & Resorts by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock worth $174,000 after buying an additional 1,194 shares in the last quarter. IFP Advisors Inc boosted 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 acquiring an additional 1,250 shares in the last quarter. MML Investors Services LLC grew its holdings in shares of Xenia Hotels & Resorts by 12.0% in the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust's stock worth $184,000 after acquiring an additional 1,338 shares during the last quarter. Swiss National Bank raised its position in shares of Xenia Hotels & Resorts by 0.8% during the fourth quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust's stock worth $2,981,000 after purchasing an additional 1,500 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings 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 last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 1.0 %

Shares of NYSE:XHR traded up $0.10 during trading on Tuesday, reaching $9.99. 684,597 shares of the company traded hands, compared to its average volume of 798,156. The firm has a fifty day simple moving average of $12.03 and a 200 day simple moving average of $13.99. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50. The firm has a market cap of $1.01 billion, a P/E ratio of 43.44 and a beta of 1.38.

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

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.61%. The ex-dividend date was Monday, March 31st. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 373.33%.

Analyst Upgrades and Downgrades

XHR has been the topic of several recent analyst reports. Wells Fargo & Company cut their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price target for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. KeyCorp decreased their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Finally, Morgan Stanley decreased their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock 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 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.