Metis Global Partners LLC Takes $155,000 Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Metis Global Partners LLC acquired a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 10,502 shares of the real estate investment trust’s stock, valued at approximately $155,000.

A number of other large investors also recently bought and sold shares of XHR. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Xenia Hotels & Resorts by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after acquiring an additional 1,023 shares during the period. ProShare Advisors LLC grew its stake in Xenia Hotels & Resorts by 5.7% in the first quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $319,000 after purchasing an additional 1,143 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in Xenia Hotels & Resorts by 0.9% in the second quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 1,699 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts during the second quarter valued at about $25,000. Finally, Diversified Trust Co boosted its holdings in shares of Xenia Hotels & Resorts by 5.9% in the 2nd quarter. Diversified Trust Co now owns 32,173 shares of the real estate investment trust’s stock valued at $461,000 after buying an additional 1,780 shares in the last quarter. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 0.3 %

Shares of Xenia Hotels & Resorts stock opened at $14.81 on Wednesday. The firm’s 50 day simple moving average is $14.69 and its two-hundred day simple moving average is $14.27. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 64.39 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a 12-month low of $12.05 and a 12-month high of $15.84. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.12 dividend. 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 3.24%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Wall Street Analysts Forecast Growth

XHR has been the subject of several recent analyst reports. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. B. Riley reduced their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One investment 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. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $16.38.

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.