Wells Fargo & Company MN Has $1.05 Million Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Wells Fargo & Company MN reduced its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 70,426 shares of the real estate investment trust’s stock after selling 2,548 shares during the quarter. Wells Fargo & Company MN’s holdings in Xenia Hotels & Resorts were worth $1,047,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at about $5,134,000. ExodusPoint Capital Management LP boosted its holdings in shares of Xenia Hotels & Resorts by 68.6% during the 4th quarter. ExodusPoint Capital Management LP now owns 699,385 shares of the real estate investment trust’s stock worth $10,393,000 after buying an additional 284,563 shares in the last quarter. Barclays PLC grew its position in shares of 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 buying an additional 129,328 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Xenia Hotels & Resorts by 7.6% in the 4th quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust’s stock valued at $26,580,000 after acquiring an additional 126,193 shares in the last quarter. Finally, Sei Investments Co. acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at $1,270,000. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Price Performance

XHR opened at $10.64 on Wednesday. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 46.26 and a beta of 1.38. The firm’s fifty day moving average price is $11.63 and its two-hundred day moving average price is $13.84.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.41 earnings per share. As a group, analysts anticipate 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.26%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on XHR shares. 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 report on Tuesday, February 18th. KeyCorp reduced their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Finally, Morgan Stanley lowered their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a report on Tuesday, April 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.50.

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.