Louisiana State Employees Retirement System Invests $723,000 in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Louisiana State Employees Retirement System bought a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 53,100 shares of the real estate investment trust's stock, valued at approximately $723,000. Louisiana State Employees Retirement System owned about 0.05% of Xenia Hotels & Resorts as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its position in shares of Xenia Hotels & Resorts by 4.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,858,393 shares of the real estate investment trust's stock worth $116,132,000 after purchasing an additional 435,427 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Xenia Hotels & Resorts by 3.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,195,444 shares of the real estate investment trust's stock valued at $25,862,000 after acquiring an additional 70,937 shares during the last quarter. 683 Capital Management LLC raised its stake in shares of Xenia Hotels & Resorts by 461.7% in the 3rd quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust's stock valued at $19,437,000 after acquiring an additional 1,356,258 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 33.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,169,995 shares of the real estate investment trust's stock worth $13,783,000 after acquiring an additional 292,913 shares during the last quarter. Finally, Kennedy Capital Management LLC purchased a new position in shares of Xenia Hotels & Resorts during the 3rd quarter worth approximately $13,177,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Down 0.1 %

NYSE XHR traded down $0.01 during trading hours on Friday, hitting $14.13. 377,013 shares of the company were exchanged, compared to its average volume of 691,175. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 83.12 and a beta of 1.45. The company has a 50 day moving average of $14.69 and a two-hundred day moving average of $13.44. Xenia Hotels & Resorts, Inc. has a 52-week low of $10.90 and a 52-week high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.28). The company had revenue of $253.38 million for the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. Equities research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.53 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a $0.12 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.10. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.40%. Xenia Hotels & Resorts's dividend payout ratio is currently 282.35%.

Analyst Ratings Changes

A number of research analysts have commented on XHR shares. B. Riley restated a "neutral" rating and set a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wells Fargo & Company raised their target price on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an "equal weight" rating in a report on Thursday, March 21st. StockNews.com lowered shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Thursday, April 11th. KeyCorp increased their price target on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an "overweight" rating in a research report on Friday, April 5th. Finally, Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a "hold" rating to a "buy" rating and lifted their price objective for the company from $14.00 to $18.00 in a report on Thursday, February 29th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of "Hold" and a consensus target price of $15.70.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.