HighPoint Advisor Group LLC Buys Shares of 21,178 Xenia Hotels & Resorts, Inc. (NYSE:XHR)

HighPoint Advisor Group LLC purchased a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 21,178 shares of the real estate investment trust’s stock, valued at approximately $317,000.

Other institutional investors have also modified their holdings of the company. 683 Capital Management LLC raised its holdings in Xenia Hotels & Resorts by 461.7% during the 3rd quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust’s stock worth $19,437,000 after buying an additional 1,356,258 shares during the period. Kennedy Capital Management LLC bought a new stake in Xenia Hotels & Resorts in the 3rd quarter valued at $13,177,000. Norges Bank acquired a new position in Xenia Hotels & Resorts in the 4th quarter worth $9,787,000. Brandywine Global Investment Management LLC bought a new position in Xenia Hotels & Resorts during the 3rd quarter worth about $7,099,000. Finally, Wellington Management Group LLP raised its stake in shares of Xenia Hotels & Resorts by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,858,393 shares of the real estate investment trust’s stock valued at $116,132,000 after purchasing an additional 435,427 shares during the period. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $14.33 on Friday. The company has a current ratio of 2.24, a quick ratio of 2.24 and a debt-to-equity ratio of 1.06. The company’s fifty day simple moving average is $14.40 and its 200 day simple moving average is $14.06. Xenia Hotels & Resorts, Inc. has a 1-year low of $10.90 and a 1-year high of $15.84. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 75.43 and a beta of 1.49.

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

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a $0.12 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.35%. Xenia Hotels & Resorts’s payout ratio is 252.64%.

Analyst Ratings Changes

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

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.