GW&K Investment Management LLC Has $2.58 Million Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

GW&K Investment Management LLC reduced its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.5% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 189,051 shares of the real estate investment trust’s stock after selling 6,890 shares during the quarter. GW&K Investment Management LLC’s holdings in Xenia Hotels & Resorts were worth $2,575,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Principal Securities Inc. bought a new stake in Xenia Hotels & Resorts during the fourth quarter worth approximately $64,000. International Assets Investment Management LLC boosted its holdings in Xenia Hotels & Resorts by 1,274.0% during the fourth quarter. International Assets Investment Management LLC now owns 4,919 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 4,561 shares during the period. Tennessee Valley Asset Management Partners acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth about $74,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Xenia Hotels & Resorts by 10.8% during 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 buying an additional 1,092 shares during the last quarter. Finally, QRG Capital Management Inc. bought a new position in shares of Xenia Hotels & Resorts during the 3rd quarter worth about $168,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE:XHR opened at $14.32 on Thursday. The business has a fifty day moving average of $14.70 and a 200-day moving average of $13.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.24 and a current ratio of 2.24. Xenia Hotels & Resorts, Inc. has a twelve month low of $10.90 and a twelve month high of $15.84. The firm has a market cap of $1.46 billion, a PE ratio of 75.43 and a beta of 1.46.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a return on equity of 1.58% and a net margin of 2.09%. The company had revenue of $253.38 million during the quarter, compared to the consensus estimate of $253.00 million. On average, equities research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.55 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend is Friday, June 28th. Xenia Hotels & Resorts’s dividend payout ratio is 252.64%.

Analyst Upgrades and Downgrades

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

Xenia Hotels & Resorts 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.