Illinois Municipal Retirement Fund Sells 781 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Illinois Municipal Retirement Fund trimmed its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 62,845 shares of the real estate investment trust’s stock after selling 781 shares during the period. Illinois Municipal Retirement Fund’s holdings in Xenia Hotels & Resorts were worth $856,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wellington Management Group LLP lifted 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 valued at $116,132,000 after purchasing an additional 435,427 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in shares of Xenia Hotels & Resorts by 3.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 48,626 shares of the real estate investment trust’s stock worth $573,000 after buying an additional 1,551 shares during the last quarter. Employees Retirement System of Texas acquired a new stake in shares of Xenia Hotels & Resorts during the 3rd quarter worth about $2,120,000. Public Employees Retirement System of Ohio boosted its holdings in shares of Xenia Hotels & Resorts by 21.4% during 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 buying an additional 48,657 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its stake 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 valued at $25,862,000 after buying an additional 70,937 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Trading Down 0.1 %

Shares of NYSE:XHR opened at $14.11 on Tuesday. The business’s 50 day simple moving average is $14.70 and its 200 day simple moving average is $13.45. Xenia Hotels & Resorts, Inc. has a 1 year low of $10.90 and a 1 year high of $15.84. 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 capitalization of $1.44 billion, a P/E ratio of 83.00 and a beta of 1.45.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. The company had revenue of $253.38 million for the quarter, compared to analyst estimates of $253.00 million. On average, research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current fiscal 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 issued a $0.12 dividend. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a yield of 3.40%. The ex-dividend date was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 282.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $18.00 in a research report on Thursday, February 29th. B. Riley restated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wolfe Research initiated 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 lifted their target price on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Finally, StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and an average target price 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.