Swiss National Bank Grows Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Swiss National Bank raised its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 0.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 200,580 shares of the real estate investment trust’s stock after purchasing an additional 1,500 shares during the period. Swiss National Bank’s holdings in Xenia Hotels & Resorts were worth $2,981,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of XHR. Loomis Sayles & Co. L P grew its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,982 shares during the period. Smartleaf Asset Management LLC lifted 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 valued at $30,000 after purchasing an additional 1,657 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Xenia Hotels & Resorts by 2,492.9% in the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,443 shares during the period. KBC Group NV increased its stake in shares of Xenia Hotels & Resorts by 67.1% in the fourth 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 position in shares of Xenia Hotels & Resorts by 16.5% during 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. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

NYSE:XHR opened at $12.29 on Thursday. The company has a market capitalization of $1.25 billion, a P/E ratio of 53.42 and a beta of 1.47. The business’s 50-day moving average is $13.91 and its 200 day moving average is $14.59. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts, Inc. has a 12 month low of $12.04 and a 12 month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. The firm had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. Xenia Hotels & Resorts’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.41 earnings per share. On average, equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.56%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 373.33%.

Analyst Upgrades and Downgrades

XHR has been the subject of several recent analyst reports. KeyCorp dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a report on Monday. Wells Fargo & Company dropped their price objective on 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. Jefferies Financial Group lifted their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company 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.