Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 37.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,671,155 shares of the real estate investment trust's stock after purchasing an additional 455,757 shares during the quarter. Northern Trust Corp owned 1.64% of Xenia Hotels & Resorts worth $24,833,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Xenia Hotels & Resorts by 7.6% during 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 in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Xenia Hotels & Resorts by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust's stock worth $21,576,000 after acquiring an additional 3,748 shares in the last quarter. Invesco Ltd. grew its position in shares of Xenia Hotels & Resorts by 73.5% during the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock valued at $16,743,000 after acquiring an additional 477,231 shares during the period. Finally, Mesirow Institutional Investment Management Inc. purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $15,982,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Price Performance

NYSE XHR traded down $0.03 during mid-day trading on Friday, hitting $12.22. The stock had a trading volume of 191,707 shares, compared to its average volume of 872,419. The firm's 50 day moving average is $11.20 and its 200 day moving average is $13.59. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 53.11 and a beta of 1.60. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.09. The business 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 company's quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.44 earnings per share. Equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts announced that its board has approved a stock repurchase plan on Wednesday, May 14th that authorizes the company to repurchase $100.00 million in 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 usually an indication that the company's board believes its shares are undervalued.

Xenia Hotels & Resorts Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on XHR. Wells Fargo & Company lowered their price target on 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. Morgan Stanley decreased their target price on 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. StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Monday, May 5th. KeyCorp reduced 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 report on Monday, March 24th. Finally, Jefferies Financial Group lowered shares of 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 report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and an average 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.