Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by Swiss National Bank

Swiss National Bank lifted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,080 shares of the real estate investment trust’s stock after buying an additional 4,900 shares during the period. Swiss National Bank’s holdings in Xenia Hotels & Resorts were worth $3,639,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the business. Arizona State Retirement System raised its position in Xenia Hotels & Resorts by 3.8% in the fourth quarter. Arizona State Retirement System now owns 32,267 shares of the real estate investment trust’s stock worth $425,000 after acquiring an additional 1,192 shares in the last quarter. Commonwealth Equity Services LLC boosted its holdings in Xenia Hotels & Resorts by 2.6% during the fourth quarter. Commonwealth Equity Services LLC now owns 148,697 shares of the real estate investment trust’s stock worth $1,959,000 after buying an additional 3,756 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in Xenia Hotels & Resorts by 11.5% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 59,098 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 6,103 shares during the period. Asset Management One Co. Ltd. increased its holdings in Xenia Hotels & Resorts by 1.7% in the fourth quarter. Asset Management One Co. Ltd. now owns 214,283 shares of the real estate investment trust’s stock valued at $2,796,000 after buying an additional 3,537 shares in the last quarter. Finally, Fisher Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at approximately $7,849,000. 87.22% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $12.47 on Monday. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.74 and a 1-year high of $19.57. The firm has a 50 day simple moving average of $12.72 and a 200-day simple moving average of $13.73. The firm has a market cap of $1.37 billion, a PE 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.

Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last posted its quarterly earnings data on Wednesday, March 1st. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.02). Xenia Hotels & Resorts had a return on equity of 4.98% and a net margin of 6.39%. On average, equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.39 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

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 dividend payout ratio (DPR) is currently 66.67%.

Analysts Set New Price Targets

Several research firms recently weighed in on XHR. B. Riley dropped their price objective on Xenia Hotels & Resorts from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 6th. StockNews.com assumed coverage on Xenia Hotels & Resorts in a research note on Thursday. They set a “sell” rating for the company. Oppenheimer reissued a “market perform” rating and issued a $16.00 price objective on shares of Xenia Hotels & Resorts in a research note on Monday, March 6th. Morgan Stanley cut their target price on shares of 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. Finally, Wells Fargo & Company cut shares of Xenia Hotels & Resorts from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $18.00 to $13.00 in a research note on Thursday, March 30th. Two investment 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. Based on data from MarketBeat.com, Xenia Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $16.00.

About Xenia Hotels & Resorts

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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.