Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.9% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 49,300 shares of the real estate investment trust’s stock after selling 2,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Xenia Hotels & Resorts were worth $728,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Xenia Hotels & Resorts in the second quarter valued at $25,000. EntryPoint Capital LLC bought a new position in shares of Xenia Hotels & Resorts in the 1st quarter worth about $135,000. International Assets Investment Management LLC raised its position in shares of 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 worth $144,000 after purchasing an additional 9,394 shares during the period. Algert Global LLC acquired a new position in shares of Xenia Hotels & Resorts during the second quarter valued at $147,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at approximately $164,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Up 1.1 %

Shares of Xenia Hotels & Resorts stock opened at $14.29 on Tuesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 64.95 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a 12-month low of $11.66 and a 12-month high of $15.84. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. The stock has a 50 day moving average price of $14.44 and a two-hundred day moving average price of $14.21.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 annualized dividend and a dividend yield of 3.36%. Xenia Hotels & Resorts’s dividend payout ratio is presently 218.18%.

Analyst Upgrades and Downgrades

XHR has been the topic of several research analyst reports. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $16.00 to $15.00 in a research note on Friday, September 13th. B. Riley decreased their price objective on 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, three have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $15.30.

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.