State Street Corp Increases Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

State Street Corp grew its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 6,152,028 shares of the real estate investment trust's stock after acquiring an additional 108,798 shares during the period. State Street Corp owned about 6.04% of Xenia Hotels & Resorts worth $91,597,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Meeder Asset Management Inc. acquired a new position in Xenia Hotels & Resorts during the 2nd quarter worth about $25,000. Loomis Sayles & Co. L P lifted its stake in shares of Xenia Hotels & Resorts by 3,146.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,982 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 valued at $60,000 after acquiring an additional 1,023 shares during the last quarter. International Assets Investment Management LLC increased its position in Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust's stock valued at $144,000 after purchasing an additional 9,394 shares during the period. Finally, Algert Global LLC bought a new position in Xenia Hotels & Resorts during the 2nd quarter worth approximately $147,000. Institutional investors and hedge funds own 92.43% of the company's stock.

Analyst Upgrades and Downgrades

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

Xenia Hotels & Resorts Stock Down 0.5 %

NYSE:XHR traded down $0.08 on Tuesday, hitting $15.96. The stock had a trading volume of 684,314 shares, compared to its average volume of 787,047. 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 52 week low of $12.34 and a 52 week high of $16.50. The business's fifty day moving average is $15.14 and its 200 day moving average is $14.43. The company has a market cap of $1.62 billion, a PE ratio of 69.17 and a beta of 1.52.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.01%. Xenia Hotels & Resorts's payout ratio is 208.70%.

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.