JPMorgan Chase & Co. Acquires 40,807 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

JPMorgan Chase & Co. increased its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 2.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,662,495 shares of the real estate investment trust's stock after buying an additional 40,807 shares during the period. JPMorgan Chase & Co. owned 1.63% of Xenia Hotels & Resorts worth $24,555,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Xenia Hotels & Resorts by 370.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust's stock valued at $10,619,000 after buying an additional 566,144 shares in the last quarter. Wellington Management Group LLP grew its holdings in Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust's stock worth $143,354,000 after acquiring an additional 465,141 shares during the last quarter. Federated Hermes Inc. increased its position in Xenia Hotels & Resorts by 179,814.4% in the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust's stock valued at $5,027,000 after acquiring an additional 350,638 shares during the period. SG Americas Securities LLC bought a new position in shares of Xenia Hotels & Resorts during the third quarter worth about $4,504,000. Finally, Mutual of America Capital Management LLC raised its stake in Xenia Hotels & Resorts by 1,602.7% during the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust's stock worth $4,422,000 after buying an additional 290,469 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on XHR. StockNews.com cut Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Tuesday. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an "overweight" rating in a research report on Monday, December 9th. Finally, Jefferies Financial Group lifted their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $17.63.

Xenia Hotels & Resorts Trading Up 0.1 %

NYSE:XHR traded up $0.01 during midday trading on Thursday, reaching $14.67. 494,927 shares of the stock traded hands, compared to its average volume of 565,905. Xenia Hotels & Resorts, Inc. has a 12 month low of $12.34 and a 12 month high of $16.50. The stock has a market capitalization of $1.49 billion, a P/E ratio of 63.79 and a beta of 1.51. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The company has a fifty day moving average of $15.25 and a 200 day moving average of $14.51.

Xenia Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 208.70%.

Xenia Hotels & Resorts Profile

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.