Victory Capital Management Inc. Increases Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Victory Capital Management Inc. boosted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 66.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,426 shares of the real estate investment trust's stock after acquiring an additional 42,191 shares during the quarter. Victory Capital Management Inc. owned 0.10% of Xenia Hotels & Resorts worth $1,557,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State Board of Administration of Florida Retirement System grew its holdings in Xenia Hotels & Resorts by 24.7% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 39,695 shares of the real estate investment trust's stock worth $596,000 after acquiring an additional 7,870 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Xenia Hotels & Resorts during the 1st quarter valued at about $164,000. CANADA LIFE ASSURANCE Co increased its holdings in Xenia Hotels & Resorts by 6.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 230,990 shares of the real estate investment trust's stock valued at $3,466,000 after purchasing an additional 13,996 shares during the period. Quadrature Capital Ltd bought a new position in Xenia Hotels & Resorts during the 1st quarter valued at approximately $216,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Xenia Hotels & Resorts by 3.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 85,665 shares of the real estate investment trust's stock worth $1,286,000 after buying an additional 2,888 shares during the period. 92.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on XHR. B. Riley decreased their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a "neutral" rating for the company in a report on Wednesday, August 7th. StockNews.com lowered shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Finally, Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and an average target price of $16.38.

Xenia Hotels & Resorts Stock Down 1.0 %

XHR traded down $0.15 during trading on Tuesday, reaching $15.53. The stock had a trading volume of 713,683 shares, compared to its average volume of 799,720. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 68.18 and a beta of 1.51. The stock's 50 day moving average is $14.85 and its two-hundred day moving average is $14.28. Xenia Hotels & Resorts, Inc. has a one year low of $12.05 and a one year high of $15.84.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 3.09%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 208.70%.

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.