Commonwealth Equity Services LLC Reduces Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Commonwealth Equity Services LLC lessened its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 144,941 shares of the real estate investment trust’s stock after selling 8,957 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Xenia Hotels & Resorts were worth $1,998,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Natixis Advisors L.P. purchased a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth about $496,000. Bank of Montreal Can grew its stake in shares of Xenia Hotels & Resorts by 6.0% during the first quarter. Bank of Montreal Can now owns 33,536 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 1,899 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 56.8% in the first quarter. MetLife Investment Management LLC now owns 59,459 shares of the real estate investment trust’s stock worth $1,147,000 after buying an additional 21,532 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of Xenia Hotels & Resorts by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 98,459 shares of the real estate investment trust’s stock worth $1,899,000 after acquiring an additional 12,140 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its holdings in Xenia Hotels & Resorts by 0.9% during the 1st quarter. Great West Life Assurance Co. Can now owns 193,269 shares of the real estate investment trust’s stock valued at $3,848,000 after acquiring an additional 1,748 shares during the period. 87.22% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $13.26 on Tuesday. The company has a 50-day simple moving average of $14.10 and a two-hundred day simple moving average of $14.71. The company has a market capitalization of $1.48 billion, a PE ratio of 27.06 and a beta of 1.50. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.77 and a current ratio of 3.77. Xenia Hotels & Resorts, Inc. has a one year low of $12.48 and a one year high of $20.36.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a $0.10 dividend. The ex-dividend date is Thursday, March 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 3.02%. Xenia Hotels & Resorts’s dividend payout ratio is currently 81.63%.

Analysts Set New Price Targets

XHR has been the subject of several research analyst reports. Robert W. Baird decreased their target price on Xenia Hotels & Resorts from $20.00 to $18.00 in a research report on Tuesday, December 20th. StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, March 9th. B. Riley decreased their price target on shares of Xenia Hotels & Resorts from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Monday, March 6th. Raymond James cut Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Friday, December 9th. Finally, Oppenheimer reaffirmed a “market perform” rating and set a $16.00 target price on shares of Xenia Hotels & Resorts in a research report on Monday, March 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.14.

Xenia Hotels & Resorts Profile

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Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.