Mutual of America Capital Management LLC Sells 1,241 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Mutual of America Capital Management LLC trimmed its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 0.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 298,224 shares of the real estate investment trust’s stock after selling 1,241 shares during the period. Mutual of America Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $4,432,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Loomis Sayles & Co. L P boosted its holdings in Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares in the last quarter. Fifth Third Bancorp raised its position in shares of Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,443 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Xenia Hotels & Resorts by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,023 shares in the last quarter. KBC Group NV grew its position in Xenia Hotels & Resorts by 67.1% in the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust’s stock valued at $95,000 after purchasing an additional 2,557 shares during the period. Finally, IFP Advisors Inc grew its position in Xenia Hotels & Resorts by 16.5% in the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 1,250 shares during the period. 92.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on XHR shares. Jefferies Financial Group raised their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $17.38.

Xenia Hotels & Resorts Stock Performance

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

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data 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 net margin of 2.37% and a return on equity of 1.86%. The business had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. During the same period in the prior year, the firm posted $0.41 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

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

Xenia Hotels & Resorts 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.