Nomura Asset Management Co. Ltd. Has $2 Million Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Nomura Asset Management Co. Ltd. raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 134,500 shares of the real estate investment trust’s stock after purchasing an additional 4,600 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Xenia Hotels & Resorts were worth $1,999,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Smartleaf Asset Management LLC lifted its holdings in shares of Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,657 shares in the last quarter. Fifth Third Bancorp lifted its stake 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 valued at $38,000 after buying an additional 2,443 shares in the last quarter. KBC Group NV grew its holdings in shares of Xenia Hotels & Resorts by 67.1% during the fourth 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 during the last quarter. IFP Advisors Inc increased its position in shares of 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 acquiring an additional 1,250 shares in the last quarter. Finally, Entropy Technologies LP bought a new position in Xenia Hotels & Resorts in the 4th quarter valued at about $157,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Up 0.4 %

XHR stock opened at $11.81 on Thursday. The stock has a market cap of $1.20 billion, a P/E ratio of 51.35 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. The stock’s fifty day simple moving average is $13.61 and its two-hundred day simple moving average is $14.54. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.43 and a 1-year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share 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 company had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. During the same period in the previous year, the firm earned $0.41 EPS. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 4.74%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Analysts Set New Price Targets

A number of analysts have commented on the company. Wells Fargo & Company decreased their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group upped their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, KeyCorp lowered 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 report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.13.

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.