Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 893,238 shares of the real estate investment trust’s stock after selling 29,882 shares during the quarter. Bank of New York Mellon Corp owned about 0.88% of Xenia Hotels & Resorts worth $13,274,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Xenia Hotels & Resorts by 370.5% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock worth $10,619,000 after purchasing an additional 566,144 shares during the period. Wellington Management Group LLP increased its position in shares of Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after acquiring an additional 465,141 shares during the last quarter. Barclays PLC raised its stake in shares of Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after acquiring an additional 129,328 shares during the period. State Street Corp lifted its holdings in shares of Xenia Hotels & Resorts by 1.8% in the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock worth $91,597,000 after acquiring an additional 108,798 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in shares of Xenia Hotels & Resorts by 47.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 198,545 shares of the real estate investment trust’s stock worth $2,933,000 after purchasing an additional 63,490 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Down 0.7 %

NYSE XHR opened at $12.78 on Thursday. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.34 and a 52 week high of $16.50. The firm has a 50 day moving average of $14.35 and a two-hundred day moving average of $14.68. The stock has a market capitalization of $1.30 billion, a PE ratio of 55.58 and a beta of 1.47. 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 posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.34. The firm had revenue of $261.80 million during the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.41 earnings per share. As a group, research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.14 per share. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 4.38%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Wells Fargo & Company cut their target price 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. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group lifted their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $17.38.

Xenia Hotels & Resorts 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.