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

Los Angeles Capital Management LLC lessened its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 27.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 30,671 shares of the real estate investment trust’s stock after selling 11,351 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $453,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. QRG Capital Management Inc. boosted its holdings in shares of 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 acquiring an additional 2,310 shares in the last quarter. Van ECK Associates Corp lifted its position in Xenia Hotels & Resorts by 12.3% in the third quarter. Van ECK Associates Corp now owns 17,522 shares of the real estate investment trust’s stock worth $251,000 after purchasing an additional 1,923 shares during the period. James Investment Research Inc. boosted its stake in 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 purchasing an additional 8,266 shares in the last quarter. New York State Teachers Retirement System increased its position 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 valued at $2,006,000 after purchasing an additional 5,435 shares during the period. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Xenia Hotels & Resorts by 9.2% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock worth $468,000 after buying an additional 2,647 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Price Performance

XHR stock opened at $14.77 on Friday. Xenia Hotels & Resorts, Inc. has a one year low of $12.05 and a one year high of $15.84. The firm has a 50-day moving average of $14.66 and a two-hundred day moving average of $14.26. The firm has a market capitalization of $1.50 billion, a PE ratio of 64.22 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 Announces Dividend

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

Analysts Set New Price Targets

A number of research firms recently issued reports on XHR. B. Riley lowered their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their target price for the stock from $16.00 to $15.00 in a report on Friday, September 13th. One 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’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $16.38.

Xenia Hotels & Resorts Company 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.