Strs Ohio Acquires 23,100 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Strs Ohio boosted its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 17.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 154,085 shares of the real estate investment trust’s stock after purchasing an additional 23,100 shares during the quarter. Strs Ohio’s holdings in Xenia Hotels & Resorts were worth $2,098,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in XHR. Lazard Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts during the first quarter worth $31,000. Tower Research Capital LLC TRC lifted its stake in Xenia Hotels & Resorts by 258.7% in the 1st quarter. Tower Research Capital LLC TRC now owns 4,283 shares of the real estate investment trust’s stock worth $56,000 after purchasing an additional 3,089 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 1,274.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 4,561 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at about $76,000. Finally, Tennessee Valley Asset Management Partners bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth about $74,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $14.00 on Friday. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $10.90 and a fifty-two week high of $15.84. The company has a market capitalization of $1.43 billion, a PE ratio of 82.35 and a beta of 1.45. The company has a 50 day moving average price of $14.55 and a 200-day moving average price of $13.31. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.50 and a current ratio of 2.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share 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 firm had revenue of $253.38 million for the quarter, compared to the consensus estimate of $253.00 million. As a group, equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.53 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.43%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio is presently 282.35%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. KeyCorp upped their price target on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and raised their target price for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Wells Fargo & Company raised their price target on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research note on Thursday, March 21st. Finally, B. Riley restated a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus 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.