Sumitomo Mitsui Trust Holdings Inc. Raises Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 230,614 shares of the real estate investment trust’s stock after purchasing an additional 7,337 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.22% of Xenia Hotels & Resorts worth $3,141,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in XHR. International Assets Investment Management LLC lifted its holdings in Xenia Hotels & Resorts by 1,274.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after purchasing an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners purchased a new stake in Xenia Hotels & Resorts during the fourth quarter valued at about $74,000. Allspring Global Investments Holdings LLC lifted its holdings in Xenia Hotels & Resorts by 10.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 1,092 shares during the last quarter. QRG Capital Management Inc. purchased a new stake in Xenia Hotels & Resorts during the third quarter valued at about $168,000. Finally, Custom Index Systems LLC purchased a new stake in Xenia Hotels & Resorts during the fourth quarter valued at about $254,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Down 0.1 %

XHR stock opened at $14.52 on Thursday. The company has a current ratio of 2.50, a quick ratio of 2.50 and a debt-to-equity ratio of 1.06. The company’s 50 day moving average is $14.65 and its 200 day moving average is $13.39. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 85.41 and a beta of 1.45. Xenia Hotels & Resorts, Inc. has a 1-year low of $10.90 and a 1-year high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.28). The company had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. Sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.53 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.31%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio is 282.35%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. KeyCorp upped their price objective on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, April 5th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 11th. Wolfe Research assumed coverage on shares of Xenia Hotels & Resorts in a report on Wednesday, January 10th. They issued a “peer perform” rating on the stock. Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the stock an “equal weight” rating in a report on Thursday, March 21st. Finally, B. Riley reissued a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $15.70.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.