Arrowstreet Capital Limited Partnership Has $18.68 Million Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Arrowstreet Capital Limited Partnership trimmed its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 32.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,257,190 shares of the real estate investment trust’s stock after selling 614,141 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 1.23% of Xenia Hotels & Resorts worth $18,682,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in shares of Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after purchasing an additional 60,323 shares during the period. Barclays PLC lifted its stake in Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after acquiring an additional 129,328 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Xenia Hotels & Resorts by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock worth $24,555,000 after buying an additional 40,807 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Xenia Hotels & Resorts by 370.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after purchasing an additional 566,144 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,657 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

XHR has been the topic of a number of recent research reports. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Financial Group boosted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. KeyCorp decreased their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, Wells Fargo & Company reduced their price objective on 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.13.

Xenia Hotels & Resorts Stock Down 6.8 %

Shares of NYSE:XHR opened at $9.82 on Friday. The company has a market cap of $994.78 million, a price-to-earnings ratio of 42.68 and a beta of 1.38. Xenia Hotels & Resorts, Inc. has a one year low of $9.64 and a one year high of $16.50. The firm has a fifty day moving average price of $13.42 and a two-hundred day moving average price of $14.48. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.05 by $0.34. The firm had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company’s revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.41 EPS. Analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared 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 5.71%. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 373.33%.

About Xenia Hotels & Resorts

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.