Tower Research Capital LLC TRC Cuts Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Tower Research Capital LLC TRC lowered its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 28.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,719 shares of the real estate investment trust’s stock after selling 2,273 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Xenia Hotels & Resorts were worth $85,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. MetLife Investment Management LLC grew its stake in shares of Xenia Hotels & Resorts by 2.6% in the 4th quarter. MetLife Investment Management LLC now owns 65,000 shares of the real estate investment trust’s stock worth $966,000 after acquiring an additional 1,661 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new stake in Xenia Hotels & Resorts in the 4th quarter worth about $15,982,000. Dimensional Fund Advisors LP increased its stake in Xenia Hotels & Resorts by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust’s stock valued at $21,576,000 after buying an additional 3,748 shares during the last quarter. First Trust Advisors LP increased its stake in Xenia Hotels & Resorts by 15.3% in the 4th quarter. First Trust Advisors LP now owns 187,522 shares of the real estate investment trust’s stock valued at $2,787,000 after buying an additional 24,935 shares during the last quarter. Finally, Cramer Rosenthal Mcglynn LLC lifted its position in shares of Xenia Hotels & Resorts by 43.2% during the 4th quarter. Cramer Rosenthal Mcglynn LLC now owns 975,732 shares of the real estate investment trust’s stock worth $14,499,000 after buying an additional 294,316 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Price Performance

XHR opened at $11.57 on Friday. The company has a market capitalization of $1.14 billion, a price-to-earnings ratio of 50.31 and a beta of 1.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a 50-day moving average price of $11.28 and a 200-day moving average price of $13.65. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The business had revenue of $288.93 million for the quarter, compared to analysts’ expectations of $276.51 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The business’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.44 EPS. Equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.14 per share. The ex-dividend date was Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 4.84%. Xenia Hotels & Resorts’s dividend payout ratio is currently 254.55%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XHR. Morgan Stanley dropped their price target on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Wells Fargo & Company reduced their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. KeyCorp lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their target price for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and an average target price of $13.50.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.