Barclays PLC grew its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 295.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 173,062 shares of the real estate investment trust's stock after buying an additional 129,328 shares during the quarter. Barclays PLC owned 0.17% of Xenia Hotels & Resorts worth $2,555,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Victory Capital Management Inc. increased its holdings in Xenia Hotels & Resorts by 182.7% during the 2nd quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust's stock valued at $906,000 after acquiring an additional 40,868 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of 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 worth $34,443,000 after purchasing an additional 59,212 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $2,345,000. Federated Hermes Inc. raised its position in shares of Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust's stock worth $5,027,000 after purchasing an additional 350,638 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in 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. Institutional investors and hedge funds own 92.43% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on XHR. Wells Fargo & Company boosted their price target on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. StockNews.com cut Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Monday, November 11th. One equities research 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. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $17.13.
Get Our Latest Analysis on XHR
Xenia Hotels & Resorts Trading Up 0.8 %
Shares of XHR stock traded up $0.12 during trading hours on Wednesday, hitting $15.22. 162,855 shares of the company were exchanged, compared to its average volume of 792,319. The firm has a fifty day moving average of $15.19 and a 200 day moving average of $14.46. 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 firm has a market cap of $1.55 billion, a PE ratio of 66.18 and a beta of 1.52.
Xenia Hotels & Resorts Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts's dividend payout ratio is currently 208.70%.
About Xenia Hotels & Resorts
(
Free Report)
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.
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