Norges Bank Purchases New Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Norges Bank purchased a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 345,473 shares of the real estate investment trust's stock, valued at approximately $5,134,000. Norges Bank owned about 0.34% of Xenia Hotels & Resorts at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. State Street Corp raised its stake in shares of Xenia Hotels & Resorts by 1.8% in the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock valued at $91,597,000 after purchasing an additional 108,798 shares in the last quarter. MML Investors Services LLC raised its stake 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 valued at $184,000 after buying an additional 1,338 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Xenia Hotels & Resorts by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust's stock worth $3,776,000 after acquiring an additional 962 shares during the period. Barclays PLC boosted its position in shares of Xenia Hotels & Resorts by 295.7% during the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock valued at $2,555,000 after acquiring an additional 129,328 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Xenia Hotels & Resorts by 2.3% in the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock valued at $39,135,000 after acquiring an additional 60,323 shares during the period. Institutional investors own 92.43% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on XHR. KeyCorp decreased their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a report on Monday, March 24th. Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price target for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. StockNews.com cut Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Finally, Wells Fargo & Company cut their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating for the company in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $14.63.

Xenia Hotels & Resorts Price Performance

Shares of XHR traded down $0.06 on Tuesday, hitting $9.70. The company's stock had a trading volume of 58,945 shares, compared to its average volume of 852,498. The company has a 50 day moving average price of $12.61 and a 200 day moving average price of $14.19. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The company has a market capitalization of $983.93 million, a PE ratio of 42.15 and a beta of 1.38. 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 (NYSE:XHR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate 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 company had revenue of $261.80 million for the quarter, compared to analysts' expectations of $263.47 million. During the same quarter in the prior year, the business earned $0.41 earnings per share. The business's revenue for the quarter was up 3.3% on a year-over-year basis. On average, research 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.77%. 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 currently 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.