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

Illinois Municipal Retirement Fund lowered its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 9.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 51,973 shares of the real estate investment trust’s stock after selling 5,234 shares during the quarter. Illinois Municipal Retirement Fund’s holdings in Xenia Hotels & Resorts were worth $772,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Loomis Sayles & Co. L P lifted its position in shares of Xenia Hotels & Resorts by 3,146.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares during the period. Fifth Third Bancorp lifted its holdings in 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 worth $38,000 after buying an additional 2,443 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 acquiring an additional 1,023 shares in the last quarter. KBC Group NV boosted its position in 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 acquiring an additional 2,557 shares in the last quarter. Finally, IFP Advisors Inc grew 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 worth $131,000 after acquiring an additional 1,250 shares during the period. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $13.38 on Tuesday. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.34 and a twelve month high of $16.50. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.36 billion, a P/E ratio of 58.18 and a beta of 1.50. The stock’s 50 day moving average is $14.66 and its 200 day moving average is $14.70.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.34. The firm had revenue of $261.80 million for the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.41 earnings per share. On average, equities research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued 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 yield of 4.19%. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Analysts Set New Price Targets

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

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.