Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC trimmed its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 66,965 shares of the real estate investment trust’s stock after selling 2,579 shares during the period. Commonwealth Equity Services LLC owned about 0.07% of Xenia Hotels & Resorts worth $995,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Wellington Management Group LLP raised its position in shares of Xenia Hotels & Resorts by 5.0% in 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 buying an additional 465,141 shares during the last quarter. State Street Corp raised its holdings in 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 valued at $91,597,000 after acquiring an additional 108,798 shares during the last quarter. Geode Capital Management LLC lifted its stake in Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after purchasing an additional 60,323 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust’s stock worth $35,102,000 after purchasing an additional 30,186 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Xenia Hotels & Resorts by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock worth $24,555,000 after purchasing an additional 40,807 shares during the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Jefferies Financial Group lifted their price objective on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday. Wells Fargo & Company lowered their price target on shares of 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. Finally, KeyCorp cut their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.13.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $11.77 on Wednesday. The firm has a market cap of $1.19 billion, a PE ratio of 51.15 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, Inc. has a 52 week low of $11.43 and a 52 week high of $16.50. The business’s fifty day simple moving average is $13.67 and its 200-day simple moving average is $14.56.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. The company 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%. Xenia Hotels & Resorts’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. Equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.14 per share. The ex-dividend date is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.76%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

About Xenia Hotels & Resorts

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.