Metis Global Partners LLC Boosts Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Metis Global Partners LLC boosted its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 11.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 11,696 shares of the real estate investment trust’s stock after purchasing an additional 1,194 shares during the quarter. Metis Global Partners LLC’s holdings in Xenia Hotels & Resorts were worth $174,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio boosted its position in Xenia Hotels & Resorts by 0.4% during the third 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 purchasing an additional 962 shares in the last quarter. IFP Advisors Inc boosted its position in Xenia Hotels & Resorts by 16.5% during the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 1,250 shares in the last quarter. MML Investors Services LLC boosted its position in Xenia Hotels & Resorts by 12.0% during the third quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,338 shares in the last quarter. Daiwa Securities Group Inc. boosted its position in Xenia Hotels & Resorts by 4.4% during the third quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock worth $498,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Xenia Hotels & Resorts by 10.2% during the fourth quarter. Van ECK Associates Corp now owns 19,312 shares of the real estate investment trust’s stock worth $287,000 after purchasing an additional 1,790 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Jefferies Financial Group increased 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 decreased their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.38.

Xenia Hotels & Resorts Stock Performance

NYSE XHR opened at $13.15 on Friday. The business’s 50-day moving average price is $14.51 and its 200 day moving average price is $14.68. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.34 and a twelve month high of $16.50. The company has a market capitalization of $1.33 billion, a PE ratio of 57.15 and a beta of 1.47. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last released its 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. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. During the same period in the prior year, the business posted $0.41 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, 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 firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 4.26%. Xenia Hotels & Resorts’s dividend payout ratio is 373.33%.

Xenia Hotels & Resorts 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.