IFP Advisors Inc Raises Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

IFP Advisors Inc grew its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 8,817 shares of the real estate investment trust’s stock after buying an additional 1,250 shares during the period. IFP Advisors Inc’s holdings in Xenia Hotels & Resorts were worth $131,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Loomis Sayles & Co. L P boosted its position in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Xenia Hotels & Resorts by 2,492.9% in the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,443 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 buying an additional 1,023 shares in the last quarter. KBC Group NV grew its position in 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 buying an additional 2,557 shares during the period. Finally, International Assets Investment Management LLC grew its position in Xenia Hotels & Resorts by 2,559.7% during 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. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR opened at $13.19 on Wednesday. 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 company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 57.33 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.34 and a twelve month high of $16.50. The business has a 50 day simple moving average of $14.63 and a 200-day simple moving average of $14.70.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS 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 firm had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. During the same period in the prior year, the business earned $0.41 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors 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. This represents a $0.56 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Monday, March 31st. Xenia Hotels & Resorts’s payout ratio is presently 373.33%.

Analyst Ratings Changes

A number of analysts have commented on XHR shares. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Wells Fargo & Company decreased their price objective 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, Jefferies Financial Group raised their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target 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.