Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lessened its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 31.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,142 shares of the real estate investment trust’s stock after selling 10,168 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Xenia Hotels & Resorts were worth $327,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Russell Investments Group Ltd. grew its stake in Xenia Hotels & Resorts by 54.5% during the 1st quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock valued at $2,068,000 after acquiring an additional 48,576 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 182.7% in the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock valued at $906,000 after purchasing an additional 40,868 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Xenia Hotels & Resorts during the second quarter worth approximately $2,345,000. Federated Hermes Inc. boosted its stake in Xenia Hotels & Resorts by 179,814.4% during the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after buying an additional 350,638 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in shares of Xenia Hotels & Resorts by 1,602.7% in the 2nd quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock worth $4,422,000 after acquiring an additional 290,469 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Down 0.4 %

XHR opened at $14.77 on Thursday. Xenia Hotels & Resorts, Inc. has a 12 month low of $12.05 and a 12 month high of $15.84. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The business has a 50-day moving average of $14.72 and a two-hundred day moving average of $14.27. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 64.44 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.25%. Xenia Hotels & Resorts’s payout ratio is 208.70%.

Analysts Set New Price Targets

Several brokerages have recently commented on XHR. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $16.00 to $15.00 in a report on Friday, September 13th. Finally, B. Riley decreased their target price 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 investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $16.38.

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.