Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. grew its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,331,970 shares of the real estate investment trust’s stock after purchasing an additional 59,212 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 2.29% of Xenia Hotels & Resorts worth $34,443,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its holdings in Xenia Hotels & Resorts by 182.7% during the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 40,868 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Xenia Hotels & Resorts during the second quarter worth approximately $2,345,000. Federated Hermes Inc. raised its holdings 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 purchasing an additional 350,638 shares in the last quarter. Mutual of America Capital Management LLC raised its holdings in Xenia Hotels & Resorts by 1,602.7% during the second 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 purchasing an additional 290,469 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Xenia Hotels & Resorts during the second quarter worth approximately $1,054,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. B. Riley lowered their target price on shares of 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, Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their target price for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. One investment 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, Xenia Hotels & Resorts presently has an average rating of “Hold” and an average price target of $16.38.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $16.26 on Wednesday. The company’s 50 day simple moving average is $14.93 and its 200-day simple moving average is $14.31. Xenia Hotels & Resorts, Inc. has a 12-month low of $12.29 and a 12-month high of $16.28. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a market cap of $1.66 billion, a PE ratio of 70.70 and a beta of 1.52.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a yield of 2.95%. Xenia Hotels & Resorts’s payout ratio is currently 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.