Y Intercept Hong Kong Ltd Purchases Shares of 37,296 Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Y Intercept Hong Kong Ltd purchased a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 37,296 shares of the real estate investment trust’s stock, valued at approximately $554,000.

Several other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Xenia Hotels & Resorts by 370.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after buying an additional 566,144 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock valued at $143,354,000 after buying an additional 465,141 shares during the last quarter. Barclays PLC raised its position in shares of Xenia Hotels & Resorts by 295.7% during the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after buying an additional 129,328 shares during the last quarter. State Street Corp raised its position in shares of Xenia Hotels & Resorts by 1.8% during the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after buying an additional 108,798 shares during the last quarter. Finally, Thrivent Financial for Lutherans raised its position in shares of Xenia Hotels & Resorts by 47.0% during the third quarter. Thrivent Financial for Lutherans now owns 198,545 shares of the real estate investment trust’s stock valued at $2,933,000 after buying an additional 63,490 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analyst Ratings Changes

XHR has been the topic of several recent analyst reports. Wells Fargo & Company reduced their price objective 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. Jefferies Financial Group boosted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Finally, StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $17.38.

Xenia Hotels & Resorts Trading Up 1.0 %

Shares of XHR opened at $13.43 on Friday. The company’s fifty day moving average is $14.66 and its 200 day moving average is $14.68. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The stock has a market capitalization of $1.36 billion, a PE ratio of 58.37 and a beta of 1.50. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.05 by $0.34. The company had revenue of $261.80 million during 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 quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. Sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid 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 dividend yield of 4.17%. The ex-dividend date of this dividend is 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.