State Street Corp Purchases 108,798 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

State Street Corp raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.8% in the third quarter, Holdings Channel.com reports. The firm owned 6,152,028 shares of the real estate investment trust’s stock after acquiring an additional 108,798 shares during the period. State Street Corp owned approximately 0.06% of Xenia Hotels & Resorts worth $91,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of the stock. Martingale Asset Management L P boosted its holdings in Xenia Hotels & Resorts by 6.5% in the 3rd quarter. Martingale Asset Management L P now owns 216,913 shares of the real estate investment trust’s stock valued at $3,204,000 after purchasing an additional 13,162 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Xenia Hotels & Resorts by 370.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock valued at $10,619,000 after purchasing an additional 566,144 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 4.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock worth $498,000 after acquiring an additional 1,415 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after acquiring an additional 59,212 shares during the period. 92.43% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on XHR shares. Wells Fargo & Company increased their target price on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. 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 stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.13.

Xenia Hotels & Resorts Stock Up 1.2 %

Shares of NYSE XHR opened at $16.04 on Tuesday. The firm has a market capitalization of $1.63 billion, a PE ratio of 69.74 and a beta of 1.52. 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, Inc. has a 1 year low of $12.34 and a 1 year high of $16.50. The firm’s 50-day moving average is $15.12 and its 200-day moving average is $14.42.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.99%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

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.