Fisher Asset Management LLC Sells 25,203 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Fisher Asset Management LLC cut its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 520,903 shares of the real estate investment trust’s stock after selling 25,203 shares during the quarter. Fisher Asset Management LLC owned approximately 0.50% of Xenia Hotels & Resorts worth $7,095,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of XHR. Victory Capital Management Inc. boosted its stake in Xenia Hotels & Resorts by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 21,278 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 2,405 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of Xenia Hotels & Resorts by 17.0% in the 4th quarter. Van ECK Associates Corp now owns 15,053 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 2,184 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Xenia Hotels & Resorts by 19.6% during the 4th quarter. New York State Common Retirement Fund now owns 47,346 shares of the real estate investment trust’s stock valued at $645,000 after purchasing an additional 7,749 shares during the last quarter. Strs Ohio lifted its stake in Xenia Hotels & Resorts by 17.6% in the fourth quarter. Strs Ohio now owns 154,085 shares of the real estate investment trust’s stock worth $2,098,000 after purchasing an additional 23,100 shares during the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its position in Xenia Hotels & Resorts by 3.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 230,614 shares of the real estate investment trust’s stock valued at $3,141,000 after buying an additional 7,337 shares during the period. 92.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

XHR has been the topic of several analyst reports. Jefferies Financial Group upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley reaffirmed a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a research report on Thursday, March 21st. Finally, Wolfe Research initiated coverage on shares of Xenia Hotels & Resorts in a research report on Wednesday, January 10th. They issued a “peer perform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $15.70.

Xenia Hotels & Resorts Trading Down 0.5 %

Shares of XHR opened at $14.90 on Tuesday. Xenia Hotels & Resorts, Inc. has a 1-year low of $10.90 and a 1-year high of $15.84. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 78.43 and a beta of 1.46. The firm’s 50-day moving average price is $14.81 and its 200-day moving average price is $13.54. The company has a current ratio of 2.24, a quick ratio of 2.50 and a debt-to-equity ratio of 1.06.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.58%. The firm had revenue of $253.38 million for the quarter, compared to the consensus estimate of $253.00 million. Sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.48 annualized dividend and a yield of 3.22%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 252.64%.

Xenia Hotels & Resorts Company 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.