Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Purchased by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA grew its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 17.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,756 shares of the real estate investment trust’s stock after acquiring an additional 5,078 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Xenia Hotels & Resorts were worth $502,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP increased its position in Xenia Hotels & Resorts by 5.0% during 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 during the last quarter. Norges Bank purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth about $5,134,000. Barclays PLC increased its position in Xenia Hotels & Resorts by 295.7% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. raised its holdings in Xenia Hotels & Resorts by 7.6% in the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust’s stock valued at $26,580,000 after buying an additional 126,193 shares during the period. Finally, State Street Corp lifted 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 buying an additional 108,798 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on XHR. Jefferies Financial Group upped their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. KeyCorp decreased 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 research note on Monday, March 24th. Wells Fargo & Company dropped their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $9.21 on Wednesday. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.91 and a 52 week high of $16.50. The stock has a 50 day moving average of $13.08 and a 200-day moving average of $14.37. 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 firm has a market cap of $934.02 million, a price-to-earnings ratio of 40.04 and a beta of 1.38.

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

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.08%. This is a positive change 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 dividend payout ratio (DPR) is 373.33%.

About Xenia Hotels & Resorts

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.