Illinois Municipal Retirement Fund Has $856,000 Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Illinois Municipal Retirement Fund lessened its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 62,845 shares of the real estate investment trust’s stock after selling 781 shares during the period. Illinois Municipal Retirement Fund owned 0.06% of Xenia Hotels & Resorts worth $856,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of XHR. International Assets Investment Management LLC lifted its position in shares of Xenia Hotels & Resorts by 1,274.0% during the 4th quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 4,561 shares during the last quarter. Tennessee Valley Asset Management Partners bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $74,000. Allspring Global Investments Holdings LLC lifted its position in Xenia Hotels & Resorts by 10.8% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock worth $132,000 after purchasing an additional 1,092 shares during the period. QRG Capital Management Inc. acquired a new stake in Xenia Hotels & Resorts during the third quarter worth $168,000. Finally, Custom Index Systems LLC bought a new stake in Xenia Hotels & Resorts in the 4th quarter valued at $254,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Down 0.1 %

NYSE XHR opened at $14.11 on Tuesday. The stock’s 50 day simple moving average is $14.70 and its 200 day simple moving average is $13.45. Xenia Hotels & Resorts, Inc. has a one year low of $10.90 and a one year high of $15.84. The firm has a market cap of $1.44 billion, a PE ratio of 83.00 and a beta of 1.45. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.50 and a quick ratio of 2.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). The business had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. Xenia Hotels & Resorts had a return on equity of 1.75% and a net margin of 1.87%. As a group, sell-side analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.53 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.12 per share. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 3.40%. The ex-dividend date of this dividend was Wednesday, March 27th. Xenia Hotels & Resorts’s dividend payout ratio is 282.35%.

Wall Street Analysts Forecast Growth

XHR has been the subject of a number of analyst reports. Jefferies Financial Group raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $14.00 to $18.00 in a report on Thursday, February 29th. KeyCorp lifted their price objective on Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, April 5th. B. Riley reissued a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Xenia Hotels & Resorts in a report on Monday, March 4th. Wells Fargo & Company boosted their price target on 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. Finally, StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, April 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $15.70.

Xenia Hotels & Resorts Company Profile

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.