Nisa Investment Advisors LLC Sells 4,900 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Nisa Investment Advisors LLC lowered its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,726 shares of the real estate investment trust’s stock after selling 4,900 shares during the period. Nisa Investment Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $596,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP grew its position in Xenia Hotels & Resorts by 4.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,858,393 shares of the real estate investment trust’s stock worth $116,132,000 after purchasing an additional 435,427 shares during the period. Illinois Municipal Retirement Fund bought a new stake in Xenia Hotels & Resorts in the 3rd quarter worth approximately $750,000. Employees Retirement System of Texas bought a new stake in Xenia Hotels & Resorts in the 3rd quarter worth approximately $2,120,000. Public Employees Retirement System of Ohio grew its position in Xenia Hotels & Resorts by 21.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 275,811 shares of the real estate investment trust’s stock worth $3,249,000 after purchasing an additional 48,657 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Xenia Hotels & Resorts by 3.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,195,444 shares of the real estate investment trust’s stock worth $25,862,000 after purchasing an additional 70,937 shares during the period. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Down 1.6 %

Shares of XHR stock opened at $14.34 on Wednesday. Xenia Hotels & Resorts, Inc. has a 1 year low of $10.90 and a 1 year high of $15.84. The firm has a fifty day moving average price of $14.49 and a 200-day moving average price of $13.28. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 84.35 and a beta of 1.45.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a net margin of 1.87% and a return on equity of 1.75%. The business had revenue of $253.38 million for the quarter, compared to the consensus estimate of $253.00 million. As a group, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.55 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a dividend of $0.12 per share. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.35%. Xenia Hotels & Resorts’s payout ratio is 282.35%.

Analyst Ratings Changes

A number of research firms have commented on XHR. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their target price for the stock from $14.00 to $18.00 in a research report on Thursday, February 29th. B. Riley reaffirmed a “neutral” rating and issued a $17.00 target price (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. KeyCorp lifted their target price on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a research report on Friday, April 5th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Finally, Wolfe Research began coverage on shares of Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They set a “peer perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $15.70.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.