Xenia Hotels & Resorts, Inc. (NYSE:XHR) Stake Lessened by AdvisorShares Investments LLC

AdvisorShares Investments LLC decreased its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 36.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 7,080 shares of the real estate investment trust’s stock after selling 4,000 shares during the quarter. AdvisorShares Investments LLC’s holdings in Xenia Hotels & Resorts were worth $105,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Barclays PLC grew its stake 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 valued at $2,555,000 after acquiring an additional 129,328 shares in the last quarter. 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 period. Smartleaf Asset Management LLC increased its stake in Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,657 shares during the period. Nordea Investment Management AB lifted its position in Xenia Hotels & Resorts by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 106,400 shares of the real estate investment trust’s stock worth $1,599,000 after buying an additional 2,072 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Xenia Hotels & Resorts by 2.7% during the 4th quarter. Principal Financial Group Inc. now owns 493,798 shares of the real estate investment trust’s stock valued at $7,338,000 after buying an additional 13,178 shares during the period. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price target for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. KeyCorp reduced 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. Finally, Morgan Stanley cut their price target 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 given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.50.

Xenia Hotels & Resorts Price Performance

Shares of Xenia Hotels & Resorts stock 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 firm has a fifty day simple moving average of $11.63 and a 200-day simple moving average of $13.84. 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 stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 46.26 and a beta of 1.38.

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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. The company had revenue of $261.80 million during 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 business’s quarterly 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. On average, sell-side analysts expect 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 declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a $0.14 dividend. 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 5.26%. The ex-dividend date was Monday, March 31st. Xenia Hotels & Resorts’s payout ratio is currently 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.