Amalgamated Bank Lowers Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Amalgamated Bank lessened its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.9% during the third quarter, HoldingsChannel reports. The firm owned 30,420 shares of the real estate investment trust’s stock after selling 896 shares during the quarter. Amalgamated Bank’s holdings in Xenia Hotels & Resorts were worth $449,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. QRG Capital Management Inc. increased 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 valued at $282,000 after purchasing an additional 2,310 shares during the last quarter. Van ECK Associates Corp grew its holdings in 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 valued at $251,000 after buying an additional 1,923 shares during the period. James Investment Research Inc. increased its stake in shares of Xenia Hotels & Resorts by 48.5% during 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 lifted its holdings in shares of Xenia Hotels & Resorts by 4.2% during the 3rd quarter. New York State Teachers Retirement System now owns 135,804 shares of the real estate investment trust’s stock worth $2,006,000 after acquiring an additional 5,435 shares during the period. Finally, DekaBank Deutsche Girozentrale boosted its position in shares of Xenia Hotels & Resorts by 9.2% in the third quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 2,647 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Analysts Set New Price Targets

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

Xenia Hotels & Resorts Trading Down 1.5 %

Shares of XHR stock 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. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $15.84. The firm’s 50 day moving average price is $14.66 and its two-hundred day moving average price is $14.26. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 64.22 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

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