Russell Investments Group Ltd. Trims Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Russell Investments Group Ltd. cut its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 5.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 189,992 shares of the real estate investment trust’s stock after selling 11,098 shares during the quarter. Russell Investments Group Ltd.’s holdings in Xenia Hotels & Resorts were worth $2,504,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Centersquare Investment Management LLC grew its position in shares of Xenia Hotels & Resorts by 20.1% during the 1st quarter. Centersquare Investment Management LLC now owns 5,929,628 shares of the real estate investment trust’s stock worth $114,382,000 after buying an additional 993,790 shares in the last quarter. State Street Corp grew its position in shares of Xenia Hotels & Resorts by 12.8% during the 1st quarter. State Street Corp now owns 7,303,386 shares of the real estate investment trust’s stock worth $140,882,000 after buying an additional 828,429 shares in the last quarter. Fisher Asset Management LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $7,849,000. Vanguard Group Inc. lifted its position in shares of Xenia Hotels & Resorts by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,789,858 shares of the real estate investment trust’s stock worth $272,901,000 after purchasing an additional 426,724 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its position in shares of Xenia Hotels & Resorts by 73.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 800,419 shares of the real estate investment trust’s stock worth $11,038,000 after purchasing an additional 338,691 shares during the period. 87.22% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Down 0.5 %

Xenia Hotels & Resorts stock opened at $12.47 on Friday. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 20.78 and a beta of 1.49. The company has a debt-to-equity ratio of 1.00, a current ratio of 4.06 and a quick ratio of 4.06. The business has a fifty day moving average price of $12.72 and a 200-day moving average price of $13.74. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.74 and a 1-year high of $19.57.

Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last announced its quarterly earnings data on Wednesday, March 1st. The real estate investment trust reported $0.31 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.02). Xenia Hotels & Resorts had a net margin of 6.39% and a return on equity of 4.98%. Equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.4 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, June 29th. Xenia Hotels & Resorts’s payout ratio is 66.67%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Wells Fargo & Company cut shares of Xenia Hotels & Resorts from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $18.00 to $13.00 in a research report on Thursday, March 30th. Morgan Stanley reduced their price target on Xenia Hotels & Resorts from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, March 30th. StockNews.com initiated coverage on Xenia Hotels & Resorts in a research report on Thursday. They issued a “sell” rating for the company. Oppenheimer reaffirmed a “market perform” rating and issued a $16.00 price objective on shares of Xenia Hotels & Resorts in a research report on Monday, March 6th. Finally, B. Riley cut their price objective on shares of Xenia Hotels & Resorts from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $16.00.

About Xenia Hotels & Resorts

(Get Rating)

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.