Van ECK Associates Corp Buys 1,923 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Van ECK Associates Corp boosted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 12.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,522 shares of the real estate investment trust’s stock after acquiring an additional 1,923 shares during the period. Van ECK Associates Corp’s holdings in Xenia Hotels & Resorts were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Xenia Hotels & Resorts by 3.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,481,995 shares of the real estate investment trust’s stock valued at $21,236,000 after purchasing an additional 45,787 shares in the last quarter. Panagora Asset Management Inc. increased its position in shares of Xenia Hotels & Resorts by 27.4% in the second quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock valued at $9,689,000 after acquiring an additional 145,527 shares during the last quarter. Federated Hermes Inc. increased its position in shares of Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after acquiring an additional 350,638 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Xenia Hotels & Resorts by 1,602.7% in the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock valued at $4,422,000 after acquiring an additional 290,469 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Xenia Hotels & Resorts in the third quarter valued at about $4,504,000. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Price Performance

Shares of NYSE XHR opened at $15.15 on Thursday. The business’s 50 day moving average price is $14.59 and its two-hundred day moving average price is $14.25. The company has a market cap of $1.54 billion, a PE ratio of 65.87 and a beta of 1.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.05 and a twelve month high of $15.84.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.17%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is 208.70%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XHR. Wells Fargo & Company raised 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 report on Friday, September 13th. 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 research report on Wednesday, August 7th. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price 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.