MQS Management LLC acquired a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 18,307 shares of the real estate investment trust’s stock, valued at approximately $262,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Xenia Hotels & Resorts in the second quarter valued at approximately $25,000. VitalStone Financial LLC raised its stake in shares of Xenia Hotels & Resorts by 54.4% in the 4th quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 875 shares during the period. Principal Securities Inc. acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at $64,000. EntryPoint Capital LLC purchased a new stake in Xenia Hotels & Resorts during the 1st quarter worth $135,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Xenia Hotels & Resorts in the 1st quarter valued at $164,000. 92.43% of the stock is owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Stock Performance
Xenia Hotels & Resorts stock opened at $15.15 on Friday. Xenia Hotels & Resorts, Inc. has a 52 week low of $10.92 and a 52 week high of $15.84. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. The stock has a market cap of $1.54 billion, a P/E ratio of 79.74 and a beta of 1.51. The stock has a 50 day moving average of $13.74 and a 200-day moving average of $14.27.
Xenia Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is currently 252.63%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the company. Wells Fargo & Company upgraded 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 decreased their price target on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $15.30.
Check Out Our Latest Report on XHR
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.
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