Wellington Management Group LLP Grows Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Wellington Management Group LLP lifted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,137,079 shares of the real estate investment trust’s stock after purchasing an additional 278,686 shares during the quarter. Wellington Management Group LLP owned about 9.95% of Xenia Hotels & Resorts worth $138,067,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. VitalStone Financial LLC boosted its holdings in shares of Xenia Hotels & Resorts by 54.4% during the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 875 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth about $64,000. International Assets Investment Management LLC lifted its stake in shares of Xenia Hotels & Resorts by 1,274.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 4,561 shares in the last quarter. Tennessee Valley Asset Management Partners acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth about $74,000. Finally, QRG Capital Management Inc. acquired a new position in shares of Xenia Hotels & Resorts during the third quarter worth about $168,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Analysts Set New Price Targets

XHR has been the topic of a number of recent research reports. B. Riley restated a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Jefferies Financial Group raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $18.00 in a research report on Thursday, February 29th. Finally, KeyCorp lifted their target price on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, Xenia Hotels & Resorts has an average rating of “Hold” and an average target price of $15.70.

Xenia Hotels & Resorts Stock Performance

XHR opened at $14.31 on Thursday. Xenia Hotels & Resorts, Inc. has a 1-year low of $10.90 and a 1-year high of $15.84. The business has a 50 day moving average price of $14.41 and a two-hundred day moving average price of $14.06. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 75.32 and a beta of 1.49. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.24 and a quick ratio of 2.24.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Thursday, May 2nd. The real estate investment trust reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.28). The company had revenue of $267.49 million during the quarter, compared to analyst estimates of $258.80 million. Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. Research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.56 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.35%. The ex-dividend date of this dividend is Friday, June 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 252.64%.

About Xenia Hotels & Resorts

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.