Fisher Asset Management LLC Sells 97,571 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Fisher Asset Management LLC decreased its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 16.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 498,062 shares of the real estate investment trust’s stock after selling 97,571 shares during the period. Fisher Asset Management LLC’s holdings in Xenia Hotels & Resorts were worth $7,401,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after acquiring an additional 465,141 shares during the last quarter. State Street Corp lifted its position in shares of 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 purchasing an additional 108,798 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after purchasing an additional 60,323 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Xenia Hotels & Resorts by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after purchasing an additional 59,212 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Xenia Hotels & Resorts by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock valued at $24,555,000 after buying an additional 40,807 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of research analyst reports. Jefferies Financial Group boosted their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Wells Fargo & Company decreased their target price on 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

Xenia Hotels & Resorts Trading Down 1.5 %

Shares of XHR stock opened at $13.19 on Wednesday. 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 market cap of $1.34 billion, a P/E ratio of 57.33 and a beta of 1.47. The company has a 50 day moving average of $14.63 and a 200-day moving average of $14.70. Xenia Hotels & Resorts, Inc. has a 12-month low of $12.34 and a 12-month high of $16.50.

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

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 4.25%. Xenia Hotels & Resorts’s dividend payout ratio is 373.33%.

Xenia Hotels & Resorts Company Profile

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.