5,419 Shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR) Purchased by Tennessee Valley Asset Management Partners

Tennessee Valley Asset Management Partners bought a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 5,419 shares of the real estate investment trust’s stock, valued at approximately $74,000.

Other hedge funds have also recently bought and sold shares of the company. 683 Capital Management LLC increased its holdings in Xenia Hotels & Resorts by 461.7% during the 3rd quarter. 683 Capital Management LLC now owns 1,650,000 shares of the real estate investment trust’s stock worth $19,437,000 after purchasing an additional 1,356,258 shares during the period. Kennedy Capital Management LLC purchased a new stake in Xenia Hotels & Resorts during the 3rd quarter worth about $13,177,000. Brandywine Global Investment Management LLC purchased a new stake in Xenia Hotels & Resorts during the 3rd quarter worth about $7,099,000. Wellington Management Group LLP increased its holdings in Xenia Hotels & Resorts by 4.6% during 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. Finally, Jacobs Levy Equity Management Inc. increased its holdings in Xenia Hotels & Resorts by 33.4% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,169,995 shares of the real estate investment trust’s stock worth $13,783,000 after purchasing an additional 292,913 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 1.4 %

XHR opened at $14.19 on Tuesday. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 83.47 and a beta of 1.45. Xenia Hotels & Resorts, Inc. has a 52 week low of $10.90 and a 52 week high of $15.84. The business’s 50 day moving average is $14.59 and its two-hundred day moving average is $13.36. The company has a quick ratio of 2.50, a current ratio of 2.50 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly 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 business had revenue of $253.38 million during the quarter, compared to analysts’ expectations of $253.00 million. On average, research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.38%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts’s payout ratio is presently 282.35%.

Analysts Set New Price Targets

XHR has been the topic of several recent research reports. KeyCorp upped their price target on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the stock an “overweight” rating in a report on Friday, April 5th. Wolfe Research began coverage on Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They set a “peer perform” rating on the stock. Wells Fargo & Company raised their target price on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a research report on Thursday, March 21st. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group raised 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 research report on Thursday, February 29th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $15.70.

About Xenia Hotels & Resorts

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.