1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) by 7.
6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,788,688 shares of the real estate investment trust’s stock after acquiring an additional 126,193 shares during the quarter. JPMorgan Chase & Co.
owned approximately 1.76% of Xenia Hotels & Resorts worth $26,580,000 at the end of the most recent reporting period. Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company.
State Street Corp boosted its position in shares of Xenia Hotels & Resorts by 1.8% in the third 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 period.
Wellington Management Group LLP boosted 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 buying an additional 465,141 shares during the period.
MML Investors Services LLC increased its stake in Xenia Hotels & Resorts by 12.0% in the 3rd quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 1,338 shares in the last quarter.
Public Employees Retirement System of Ohio increased its stake in Xenia Hotels & Resorts by 0.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 255,662 shares of the real estate investment trust’s stock worth $3,776,000 after buying an additional 962 shares in the last quarter.
Finally, Barclays PLC raised its holdings in 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 acquiring an additional 129,328 shares during the period.
92.43% of the stock is owned by hedge funds and other institutional investors. Xenia Hotels & Resorts Stock PerformanceNYSE:XHR opened at $9.
21 on Wednesday. The company has a market cap of $934.02 million, a price-to-earnings ratio of 40.
04 and a beta of 1.38. Xenia Hotels & Resorts, Inc.
has a 1 year low of $8.91 and a 1 year high of $16.50.
The stock’s 50 day simple moving average is $13.08 and its two-hundred day simple moving average is $14.37.
The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.
20. Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) last announced its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.
39 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.34.
The company had revenue of $261.80 million for the quarter, compared to analysts’ expectations 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 in the previous year, the business posted $0.
41 earnings per share. As a group, equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.
46 earnings per share for the current fiscal year. Xenia Hotels & Resorts Increases DividendThe firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.
14 dividend. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12.
The ex-dividend date is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.
08%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.
Analysts Set New Price TargetsXHR has been the subject of several research analyst reports. Wells Fargo & Company cut their target price on 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. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd.
Jefferies Financial Group lifted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd.
Finally, KeyCorp dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th.
One equities 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $17.
13.Read Our Latest Analysis on Xenia Hotels & ResortsXenia Hotels & Resorts Company Profile (Free Report)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.
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