Charles Schwab Investment Management Inc. grew its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,331,970 shares of the real estate investment trust's stock after acquiring an additional 59,212 shares during the quarter. Charles Schwab Investment Management Inc. owned about 2.29% of Xenia Hotels & Resorts worth $34,443,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $25,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in Xenia Hotels & Resorts by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust's stock worth $60,000 after buying an additional 1,023 shares in the last quarter. International Assets Investment Management LLC grew its holdings in Xenia Hotels & Resorts by 2,559.7% during the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust's stock worth $144,000 after buying an additional 9,394 shares in the last quarter. Algert Global LLC bought a new stake in Xenia Hotels & Resorts during the second quarter worth $147,000. Finally, Metis Global Partners LLC bought a new stake in Xenia Hotels & Resorts during the third quarter worth $155,000. Institutional investors own 92.43% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on XHR shares. StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Monday, November 11th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an "equal weight" rating to an "overweight" rating and cut their price target for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. Finally, B. Riley cut their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a "neutral" rating for the company in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $16.38.
Read Our Latest Report on XHR
Xenia Hotels & Resorts Price Performance
Shares of NYSE:XHR traded down $0.11 on Wednesday, hitting $16.17. The company's stock had a trading volume of 834,535 shares, compared to its average volume of 794,502. The company has a 50-day simple moving average of $14.93 and a 200 day simple moving average of $14.31. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.29 and a 1 year high of $16.31. The company has a market capitalization of $1.65 billion, a PE ratio of 70.70 and a beta of 1.52. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.
Xenia Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 dividend yield of 2.97%. Xenia Hotels & Resorts's dividend payout ratio is 208.70%.
Xenia Hotels & Resorts Company Profile
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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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