Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 27.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,671 shares of the real estate investment trust’s stock after selling 11,351 shares during the period. Los Angeles Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of XHR. QRG Capital Management Inc. grew its stake in Xenia Hotels & Resorts by 13.8% in the third quarter. QRG Capital Management Inc. now owns 19,092 shares of the real estate investment trust’s stock worth $282,000 after purchasing an additional 2,310 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Xenia Hotels & Resorts by 12.3% in the 3rd quarter. Van ECK Associates Corp now owns 17,522 shares of the real estate investment trust’s stock worth $251,000 after acquiring an additional 1,923 shares in the last quarter. James Investment Research Inc. increased its holdings in shares of Xenia Hotels & Resorts by 48.5% in the 3rd quarter. James Investment Research Inc. now owns 25,315 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 8,266 shares during the last quarter. New York State Teachers Retirement System increased its holdings in shares of Xenia Hotels & Resorts by 4.2% in the 3rd quarter. New York State Teachers Retirement System now owns 135,804 shares of the real estate investment trust’s stock valued at $2,006,000 after acquiring an additional 5,435 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Xenia Hotels & Resorts by 9.2% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock valued at $468,000 after acquiring an additional 2,647 shares in the last quarter. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Down 1.5 %

Shares of NYSE:XHR opened at $14.77 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The company’s 50-day moving average price is $14.66 and its 200 day moving average price is $14.26. The company has a market cap of $1.50 billion, a PE ratio of 64.22 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $15.84.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

Analyst Ratings Changes

Several analysts have weighed in on XHR shares. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $16.00 to $15.00 in a research note on Friday, September 13th. B. Riley dropped their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Finally, StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $16.38.

About Xenia Hotels & Resorts

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.