Wells Fargo & Company MN trimmed its position in Xenia Hotels & Resorts Inc (NYSE:XHR) by 53.7% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 261,542 shares of the real estate investment trust’s stock after selling 303,438 shares during the quarter. Wells Fargo & Company MN owned approximately 0.23% of Xenia Hotels & Resorts worth $5,453,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its holdings in shares of Xenia Hotels & Resorts by 77.5% in the 1st quarter. BlackRock Inc. now owns 20,107,203 shares of the real estate investment trust’s stock valued at $440,549,000 after acquiring an additional 8,776,602 shares during the last quarter. Geode Capital Management LLC boosted its position in Xenia Hotels & Resorts by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,788,735 shares of the real estate investment trust’s stock valued at $30,766,000 after purchasing an additional 110,807 shares during the period. Dimensional Fund Advisors LP boosted its position in Xenia Hotels & Resorts by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,702,166 shares of the real estate investment trust’s stock valued at $29,277,000 after purchasing an additional 23,236 shares during the period. Monarch Partners Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the 1st quarter valued at approximately $10,813,000. Finally, Parametric Portfolio Associates LLC boosted its position in Xenia Hotels & Resorts by 1.0% during the 1st quarter. Parametric Portfolio Associates LLC now owns 458,515 shares of the real estate investment trust’s stock valued at $10,046,000 after purchasing an additional 4,542 shares during the period. Institutional investors and hedge funds own 87.54% of the company’s stock.
XHR stock traded down $0.12 during trading on Wednesday, reaching $21.24. 12,063 shares of the company’s stock were exchanged, compared to its average volume of 465,709. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.64. Xenia Hotels & Resorts Inc has a 1-year low of $16.47 and a 1-year high of $24.03. The company’s fifty day moving average price is $20.74 and its 200-day moving average price is $21.08. The firm has a market cap of $2.44 billion, a PE ratio of 9.57, a P/E/G ratio of 2.09 and a beta of 1.03.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, September 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.18%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 49.55%.
A number of research firms recently issued reports on XHR. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $25.00 price objective for the company in a research report on Saturday. KeyCorp began coverage on Xenia Hotels & Resorts in a research report on Tuesday, June 25th. They set an “overweight” rating and a $24.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $22.50.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.
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