Nomura Asset Management Co. Ltd. Buys 4,600 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Nomura Asset Management Co. Ltd. lifted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 134,500 shares of the real estate investment trust’s stock after purchasing an additional 4,600 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.13% of Xenia Hotels & Resorts worth $1,999,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $5,134,000. JPMorgan Chase & Co. grew its position in Xenia Hotels & Resorts by 7.6% during 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 acquiring an additional 126,193 shares during the last quarter. Prudential Financial Inc. increased its holdings in Xenia Hotels & Resorts by 15.6% in the 4th quarter. Prudential Financial Inc. now owns 224,576 shares of the real estate investment trust’s stock worth $3,317,000 after purchasing an additional 30,276 shares in the last quarter. LPL Financial LLC raised its position in Xenia Hotels & Resorts by 6.7% in the fourth quarter. LPL Financial LLC now owns 91,881 shares of the real estate investment trust’s stock valued at $1,365,000 after purchasing an additional 5,742 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $289,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Up 0.4 %

Xenia Hotels & Resorts stock opened at $11.81 on Thursday. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 51.35 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a 52-week low of $11.43 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a 50 day moving average price of $13.61 and a two-hundred day moving average price of $14.54.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 earnings per share. Equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS 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. Investors of record on Monday, March 31st will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.74%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 373.33%.

Wall Street Analyst Weigh In

XHR has been the subject of several recent research reports. Jefferies Financial Group upped their price objective on 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 for the company in a research note on Tuesday, February 18th. KeyCorp cut their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $17.13.

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.