Quest Partners LLC Sells 26,528 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Quest Partners LLC trimmed its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 52.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 24,117 shares of the real estate investment trust’s stock after selling 26,528 shares during the period. Quest Partners LLC’s holdings in Xenia Hotels & Resorts were worth $356,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of XHR. Meeder Asset Management Inc. bought a new stake in shares of Xenia Hotels & Resorts in the second quarter worth approximately $25,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after purchasing an additional 1,023 shares during the last quarter. International Assets Investment Management LLC raised its stake in Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after buying an additional 9,394 shares during the last quarter. Algert Global LLC purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at $147,000. Finally, Metis Global Partners LLC bought a new position in shares of Xenia Hotels & Resorts during the 3rd quarter valued at $155,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently commented on XHR. StockNews.com cut 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 research report on Friday, September 13th. Finally, B. Riley cut their target price 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $16.38.

Xenia Hotels & Resorts Stock Up 2.1 %

NYSE XHR opened at $15.33 on Monday. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.05 and a 52 week high of $15.84. 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 has a market capitalization of $1.56 billion, a P/E ratio of 66.66 and a beta of 1.51. The stock’s 50-day moving average price is $14.81 and its 200-day moving average price is $14.28.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s payout ratio is 208.70%.

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.