Victory Capital Management Inc. Grows Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Victory Capital Management Inc. raised its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 12.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,278 shares of the real estate investment trust’s stock after acquiring an additional 2,405 shares during the quarter. Victory Capital Management Inc.’s holdings in Xenia Hotels & Resorts were worth $290,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Xenia Hotels & Resorts by 17.0% in the fourth quarter. Van ECK Associates Corp now owns 15,053 shares of the real estate investment trust’s stock valued at $205,000 after acquiring an additional 2,184 shares during the period. New York State Common Retirement Fund increased its position in shares of Xenia Hotels & Resorts by 19.6% in the fourth quarter. New York State Common Retirement Fund now owns 47,346 shares of the real estate investment trust’s stock valued at $645,000 after acquiring an additional 7,749 shares during the period. Strs Ohio increased its position in shares of Xenia Hotels & Resorts by 17.6% in the fourth quarter. Strs Ohio now owns 154,085 shares of the real estate investment trust’s stock valued at $2,098,000 after acquiring an additional 23,100 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in shares of Xenia Hotels & Resorts by 3.3% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 230,614 shares of the real estate investment trust’s stock valued at $3,141,000 after acquiring an additional 7,337 shares during the period. Finally, Louisiana State Employees Retirement System purchased a new position in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $723,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on XHR shares. B. Riley reaffirmed a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research note on Monday, March 4th. Wells Fargo & Company lifted their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a research note on Thursday, March 21st. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their target price for the company from $14.00 to $18.00 in a research note on Thursday, February 29th. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday, May 3rd. Finally, KeyCorp lifted their target price on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a research note on Friday, April 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $15.70.

Xenia Hotels & Resorts Trading Up 0.2 %

NYSE:XHR opened at $14.21 on Friday. Xenia Hotels & Resorts, Inc. has a one year low of $10.90 and a one year high of $15.84. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.24 and a quick ratio of 2.24. The company’s 50-day simple moving average is $14.68 and its 200 day simple moving average is $13.80. The firm has a market capitalization of $1.45 billion, a P/E ratio of 74.79 and a beta of 1.46.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.08 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. The business had revenue of $267.49 million for the quarter, compared to the consensus estimate of $258.80 million. As a group, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.55 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a dividend yield of 3.38%. Xenia Hotels & Resorts’s dividend payout ratio is presently 252.64%.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.