Charles Schwab Investment Management Inc. Grows Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Charles Schwab Investment Management Inc. lifted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,362,156 shares of the real estate investment trust’s stock after buying an additional 30,186 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Xenia Hotels & Resorts were worth $35,102,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted 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 worth $30,000 after buying an additional 1,657 shares in the last quarter. Loomis Sayles & Co. L P lifted its holdings in shares of 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 buying an additional 1,982 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Xenia Hotels & Resorts by 2,492.9% in the fourth 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 lifted its holdings in shares of Xenia Hotels & Resorts by 67.1% in the fourth 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 in the last quarter. Finally, IFP Advisors Inc lifted its holdings in shares of Xenia Hotels & Resorts by 16.5% in the fourth 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 in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced 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. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, 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. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $17.38.

Xenia Hotels & Resorts Trading Up 2.4 %

NYSE XHR opened at $12.61 on Monday. The company’s 50-day moving average price is $14.26 and its 200-day moving average price is $14.67. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.28 billion, a PE ratio of 54.81 and a beta of 1.47. Xenia Hotels & Resorts, Inc. has a 12 month low of $12.28 and a 12 month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 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 firm had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $263.47 million. During the same period in the prior year, the business posted $0.41 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. Equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. 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 4.44%. Xenia Hotels & Resorts’s dividend payout ratio is 373.33%.

Xenia Hotels & Resorts Company 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.