Loomis Sayles & Co. L P Increases Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Loomis Sayles & Co. L P increased its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3,146.0% during the third quarter, Holdings Channel reports. The institutional investor owned 2,045 shares of the real estate investment trust’s stock after acquiring an additional 1,982 shares during the period. Loomis Sayles & Co. L P’s holdings in Xenia Hotels & Resorts were worth $30,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its position in shares of 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 during the period. Allspring Global Investments Holdings LLC acquired a new position in Xenia Hotels & Resorts during the second quarter worth $2,345,000. Federated Hermes Inc. boosted its position in Xenia Hotels & Resorts by 179,814.4% during the second 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 in the last quarter. Mutual of America Capital Management LLC grew its holdings in Xenia Hotels & Resorts by 1,602.7% in the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock valued at $4,422,000 after purchasing an additional 290,469 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Xenia Hotels & Resorts in the second quarter valued at $1,054,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $16.00 to $15.00 in a report on Friday, September 13th. Finally, B. Riley dropped their price objective on shares of 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 assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $16.38.

Xenia Hotels & Resorts Trading Down 1.2 %

Xenia Hotels & Resorts stock opened at $15.35 on Friday. The stock has a 50-day moving average price of $14.90 and a 200 day moving average price of $14.30. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.05 and a 52 week high of $15.84. The stock has a market cap of $1.56 billion, a PE ratio of 66.74 and a beta of 1.51. 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 disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

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.