JPMorgan Chase & Co. Has $27.16 Million Stake in Xenia Hotels & Resorts Inc (XHR)

JPMorgan Chase & Co. increased its holdings in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 13.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,145,901 shares of the real estate investment trust’s stock after acquiring an additional 139,483 shares during the period. JPMorgan Chase & Co.’s holdings in Xenia Hotels & Resorts were worth $27,158,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of XHR. NumerixS Investment Technologies Inc grew its position in shares of Xenia Hotels & Resorts by 840.0% during the 2nd quarter. NumerixS Investment Technologies Inc now owns 4,700 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 4,200 shares during the period. CWM LLC boosted its holdings in Xenia Hotels & Resorts by 147.5% in the 3rd quarter. CWM LLC now owns 5,797 shares of the real estate investment trust’s stock worth $137,000 after buying an additional 3,455 shares during the last quarter. Lincoln National Corp acquired a new stake in Xenia Hotels & Resorts in the 2nd quarter worth about $209,000. Sheaff Brock Investment Advisors LLC acquired a new stake in Xenia Hotels & Resorts in the 2nd quarter worth about $215,000. Finally, Globeflex Capital L P acquired a new stake in Xenia Hotels & Resorts in the 2nd quarter worth about $226,000. Hedge funds and other institutional investors own 76.90% of the company’s stock.

XHR stock opened at $20.32 on Friday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.95 and a current ratio of 1.95. Xenia Hotels & Resorts Inc has a 12-month low of $19.08 and a 12-month high of $25.90. The stock has a market capitalization of $2.31 billion, a P/E ratio of 9.86, a PEG ratio of 1.61 and a beta of 1.03.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.35). Xenia Hotels & Resorts had a return on equity of 5.96% and a net margin of 9.93%. The firm had revenue of $241.00 million during the quarter, compared to analyst estimates of $240.55 million. During the same quarter in the previous year, the firm posted $0.50 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. As a group, analysts expect that Xenia Hotels & Resorts Inc will post 2.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 5.41%. The ex-dividend date of this dividend is Friday, December 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 53.40%.

Several equities research analysts recently issued reports on the company. B. Riley set a $25.00 price objective on Xenia Hotels & Resorts and gave the stock a “hold” rating in a report on Tuesday, November 6th. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price objective on the stock in a report on Friday, October 5th. Wells Fargo & Co lowered their price objective on Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, August 28th. Morgan Stanley lifted their price objective on Xenia Hotels & Resorts from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. Finally, ValuEngine cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $25.67.

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Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,239 rooms, across 17 states and the District of Columbia.

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Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

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