Price T Rowe Associates Inc. MD Has $1.30 Million Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Price T Rowe Associates Inc. MD lifted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,252 shares of the real estate investment trust’s stock after purchasing an additional 6,636 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.09% of Xenia Hotels & Resorts worth $1,297,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of XHR. Smartleaf Asset Management LLC raised its holdings in Xenia Hotels & Resorts by 500.6% during the 4th 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 period. Creekmur Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $30,000. Fifth Third Bancorp lifted its position in Xenia Hotels & Resorts by 2,492.9% in the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,443 shares in the last quarter. KBC Group NV increased its holdings in Xenia Hotels & Resorts by 67.1% during the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust’s stock worth $95,000 after purchasing an additional 2,557 shares in the last quarter. Finally, IFP Advisors Inc raised its stake in shares of Xenia Hotels & Resorts by 16.5% in the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,250 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock opened at $11.57 on Friday. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 50.31 and a beta of 1.60. The company has a 50-day simple moving average of $11.28 and a 200 day simple moving average of $13.65. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $288.93 million for the quarter, compared to analyst estimates of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 earnings per share. On average, sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.14 dividend. The ex-dividend date of this dividend was Monday, March 31st. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 4.84%. Xenia Hotels & Resorts’s dividend payout ratio is 254.55%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on XHR shares. KeyCorp decreased their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday, March 24th. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, May 5th. Wells Fargo & Company decreased their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Morgan Stanley decreased their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their target price for the stock from $18.00 to $10.00 in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Hold” and an average price target of $13.50.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.