Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP lifted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 68.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 699,385 shares of the real estate investment trust’s stock after buying an additional 284,563 shares during the quarter. ExodusPoint Capital Management LP owned approximately 0.69% of Xenia Hotels & Resorts worth $10,393,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in XHR. Wellington Management Group LLP increased its holdings in Xenia Hotels & Resorts by 5.0% in 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 in the last quarter. State Street Corp raised its position in shares of Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock worth $91,597,000 after purchasing an additional 108,798 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Xenia Hotels & Resorts by 2.3% during the 3rd 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. lifted its stake in Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust’s stock valued at $35,102,000 after buying an additional 30,186 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in 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 worth $26,580,000 after buying an additional 126,193 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XHR has been the subject of a number of research analyst reports. Jefferies Financial Group increased their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. KeyCorp lowered their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company reduced their target price on shares of 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. Finally, StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Stock Down 6.8 %

NYSE XHR opened at $9.82 on Friday. The business’s fifty day simple moving average is $13.42 and its 200-day simple moving average is $14.48. 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 $994.78 million, a PE ratio of 42.68 and a beta of 1.38. Xenia Hotels & Resorts, Inc. has a 52 week low of $9.64 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.34. The company had revenue of $261.80 million for the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. Xenia Hotels & Resorts’s revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.41 EPS. As a group, equities 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 announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.14 per share. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 5.71%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 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.