Illinois Municipal Retirement Fund Sells 5,234 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Illinois Municipal Retirement Fund decreased its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 9.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,973 shares of the real estate investment trust’s stock after selling 5,234 shares during the period. Illinois Municipal Retirement Fund owned about 0.05% of Xenia Hotels & Resorts worth $772,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Loomis Sayles & Co. L P increased its stake in 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 valued at $30,000 after acquiring an additional 1,982 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of Xenia Hotels & Resorts by 2,492.9% in the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 2,443 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Xenia Hotels & Resorts by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,023 shares during the last quarter. KBC Group NV raised its holdings in shares of Xenia Hotels & Resorts by 67.1% during the 4th quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 2,557 shares in the last quarter. Finally, IFP Advisors Inc raised its holdings in shares of Xenia Hotels & Resorts by 16.5% during the 4th quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust’s stock valued at $131,000 after buying an additional 1,250 shares in the last quarter. Institutional investors own 92.43% of the company’s stock.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of recent research reports. Jefferies Financial Group increased their price target 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. Wells Fargo & Company cut their price objective on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $17.38.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $13.38 on Tuesday. 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, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The firm has a market cap of $1.36 billion, a PE ratio of 58.18 and a beta of 1.50. The business has a 50 day moving average price of $14.66 and a 200-day moving average price of $14.70.

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, beating analysts’ consensus estimates 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%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. Equities 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 paid a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a dividend yield of 4.19%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 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.