Principal Financial Group Inc. Boosts Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Principal Financial Group Inc. grew its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 493,798 shares of the real estate investment trust’s stock after acquiring an additional 13,178 shares during the quarter. Principal Financial Group Inc. owned 0.48% of Xenia Hotels & Resorts worth $7,338,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in XHR. Loomis Sayles & Co. L P raised its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 2,443 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Xenia Hotels & Resorts by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,023 shares in the last quarter. KBC Group NV raised its stake in shares of Xenia Hotels & Resorts by 67.1% during the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust’s stock worth $95,000 after acquiring an additional 2,557 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in shares of Xenia Hotels & Resorts by 2,559.7% in the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 9,394 shares during the period. 92.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on XHR shares. Jefferies Financial Group lifted their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company decreased their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.38.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $13.43 on Friday. The stock has a market cap of $1.36 billion, a P/E ratio of 58.37 and a beta of 1.50. The firm’s fifty day simple moving average is $14.66 and its 200 day simple moving average is $14.68. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.34 and a twelve month high of $16.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.41 earnings per share. As a group, research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current 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 is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.17%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Xenia Hotels & Resorts Company Profile

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.