Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 370.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 718,961 shares of the real estate investment trust's stock after purchasing an additional 566,144 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.71% of Xenia Hotels & Resorts worth $10,619,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of Xenia Hotels & Resorts by 182.7% during the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust's stock worth $906,000 after buying an additional 40,868 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Xenia Hotels & Resorts during the 2nd quarter valued at about $2,345,000. Charles Schwab Investment Management Inc. boosted its holdings in Xenia Hotels & Resorts by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust's stock valued at $34,443,000 after acquiring an additional 59,212 shares during the period. Federated Hermes Inc. grew 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 in the last quarter. Finally, Mutual of America Capital Management LLC increased 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 purchasing an additional 290,469 shares during the period. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 0.1 %

Shares of NYSE:XHR traded up $0.02 during trading hours on Friday, reaching $16.08. The stock had a trading volume of 523,450 shares, compared to its average volume of 676,386. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.29 and a 1 year high of $16.31. The stock has a market capitalization of $1.64 billion, a price-to-earnings ratio of 69.92 and a beta of 1.52. The firm's 50 day moving average is $15.00 and its 200-day moving average is $14.35.

Xenia Hotels & Resorts Dividend Announcement

The business 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 dividend on an annualized basis and a yield of 2.99%. Xenia Hotels & Resorts's payout ratio is currently 208.70%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and lowered their price objective for the company from $16.00 to $15.00 in a research note on Friday, September 13th. StockNews.com lowered shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Monday, November 11th. 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, Xenia Hotels & Resorts presently has an average rating of "Hold" and an average target price of $16.38.

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.