Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Purchased by Prudential Financial Inc.

Prudential Financial Inc. boosted its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 15.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 224,576 shares of the real estate investment trust’s stock after buying an additional 30,276 shares during the quarter. Prudential Financial Inc. owned approximately 0.22% of Xenia Hotels & Resorts worth $3,317,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its position in shares of Xenia Hotels & Resorts by 0.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock valued at $3,776,000 after acquiring an additional 962 shares during the period. Metis Global Partners LLC increased its position in shares of Xenia Hotels & Resorts by 11.4% in the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust’s stock valued at $174,000 after buying an additional 1,194 shares in the last quarter. IFP Advisors Inc raised its stake in shares of Xenia Hotels & Resorts by 16.5% during the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 1,250 shares during the period. MML Investors Services LLC lifted its position in shares of Xenia Hotels & Resorts by 12.0% during the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 1,338 shares in the last quarter. Finally, Swiss National Bank grew its stake in Xenia Hotels & Resorts by 0.8% in the 4th quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust’s stock valued at $2,981,000 after acquiring an additional 1,500 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 0.4 %

Shares of Xenia Hotels & Resorts stock opened at $11.81 on Thursday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The stock’s 50 day simple moving average is $13.61 and its 200-day simple moving average is $14.54. The stock has a market cap of $1.20 billion, a P/E ratio of 51.35 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.43 and a 1-year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. Analysts predict 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. Investors of record on Monday, March 31st will be given a dividend of $0.14 per share. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 4.74%. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XHR. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. 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 report on Thursday, January 2nd. KeyCorp reduced their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, March 24th. Finally, Wells Fargo & Company lowered their price target on 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $17.13.

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.