Cramer Rosenthal Mcglynn LLC Increases Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Cramer Rosenthal Mcglynn LLC boosted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 43.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 975,732 shares of the real estate investment trust’s stock after buying an additional 294,316 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 0.96% of Xenia Hotels & Resorts worth $14,499,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XHR. Smartleaf Asset Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 500.6% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,657 shares during the last quarter. Creekmur Asset Management LLC purchased a new stake in Xenia Hotels & Resorts in the 4th quarter valued at about $30,000. Fifth Third Bancorp lifted its position in shares of Xenia Hotels & Resorts by 2,492.9% during the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 2,443 shares in the last quarter. KBC Group NV boosted its stake in shares of 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 worth $95,000 after buying an additional 2,557 shares during the last quarter. Finally, IFP Advisors Inc boosted its stake in shares of 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 worth $131,000 after buying an additional 1,250 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Price Performance

NYSE XHR opened at $9.89 on Friday. The company has a market cap of $1.00 billion, a PE ratio of 42.99 and a beta of 1.38. 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’s 50-day simple moving average is $12.30 and its two-hundred day simple moving average is $14.10. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.41 earnings per share. Research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.66%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date was Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio is presently 373.33%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on XHR. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their price target for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. KeyCorp lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, 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. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $14.63.

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.