Geode Capital Management LLC Buys 60,323 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Geode Capital Management LLC increased its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 2.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,649,168 shares of the real estate investment trust's stock after buying an additional 60,323 shares during the quarter. Geode Capital Management LLC owned about 2.60% of Xenia Hotels & Resorts worth $39,135,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Meeder Asset Management Inc. bought a new position in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $25,000. Loomis Sayles & Co. L P grew its position in 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 valued at $30,000 after acquiring an additional 1,982 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust's stock worth $60,000 after purchasing an additional 1,023 shares during the period. International Assets Investment Management LLC lifted its position in shares of Xenia Hotels & Resorts by 2,559.7% during the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust's stock worth $144,000 after purchasing an additional 9,394 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at $147,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Up 0.8 %

NYSE:XHR traded up $0.12 during mid-day trading on Wednesday, reaching $15.22. The company's stock had a trading volume of 162,855 shares, compared to its average volume of 792,319. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.34 and a 1 year high of $16.50. The stock has a fifty day moving average of $15.19 and a 200-day moving average of $14.46. The firm has a market capitalization of $1.55 billion, a PE ratio of 66.18 and a beta of 1.52.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.15%. Xenia Hotels & Resorts's payout ratio is presently 208.70%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on XHR shares. Wells Fargo & Company raised their price target on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an "overweight" rating in a research note on Monday, December 9th. StockNews.com lowered shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $17.13.

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.