Charles Schwab Investment Management Inc. Increases Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Charles Schwab Investment Management Inc. raised its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,362,156 shares of the real estate investment trust’s stock after buying an additional 30,186 shares during the period. Charles Schwab Investment Management Inc. owned about 2.32% of Xenia Hotels & Resorts worth $35,102,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in XHR. Victory Capital Management Inc. lifted its position in shares of Xenia Hotels & Resorts by 66.7% in the 3rd quarter. Victory Capital Management Inc. now owns 105,426 shares of the real estate investment trust’s stock worth $1,557,000 after purchasing an additional 42,191 shares during the period. Metis Global Partners LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 3rd quarter worth about $155,000. Thrivent Financial for Lutherans lifted its position in shares of Xenia Hotels & Resorts by 47.0% in 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. Intech Investment Management LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 3rd quarter worth about $356,000. Finally, Daiwa Securities Group Inc. lifted its position in shares of Xenia Hotels & Resorts by 4.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 1,415 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR opened at $12.61 on Monday. The firm has a 50 day moving average of $14.26 and a 200 day moving average of $14.67. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 54.81 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a 12-month low of $12.28 and a 12-month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.44%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s payout ratio is currently 373.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on XHR. Jefferies Financial Group lifted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company lowered their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts has an average rating of “Moderate Buy” and an average price target of $17.38.

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.