Xenia Hotels & Resorts, Inc. (NYSE:XHR) Stake Increased by Teacher Retirement System of Texas

Teacher Retirement System of Texas increased its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 147.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 130,888 shares of the real estate investment trust’s stock after purchasing an additional 77,941 shares during the quarter. Teacher Retirement System of Texas’ holdings in Xenia Hotels & Resorts were worth $1,945,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Xenia Hotels & Resorts by 370.5% during the 3rd 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 worth $10,619,000 after acquiring an additional 566,144 shares during the period. Wellington Management Group LLP lifted its position in shares of Xenia Hotels & Resorts by 5.0% in the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after purchasing an additional 465,141 shares in the last quarter. Barclays PLC boosted its holdings in shares of Xenia Hotels & Resorts by 295.7% during the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock worth $2,555,000 after purchasing an additional 129,328 shares during the period. State Street Corp grew its position in Xenia Hotels & Resorts by 1.8% during the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after purchasing an additional 108,798 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after buying an additional 60,323 shares during the period. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Trading Down 1.7 %

Shares of NYSE:XHR opened at $12.09 on Friday. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.01 and a 1 year high of $16.50. The firm has a fifty day moving average price of $13.86 and a 200 day moving average price of $14.57. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market capitalization of $1.23 billion, a PE ratio of 52.58 and a beta of 1.47.

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

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.63%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts’s payout ratio is presently 373.33%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. 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 note on Tuesday, February 18th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday. Jefferies Financial Group raised their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Finally, KeyCorp reduced their price target on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Company Profile

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.