MML Investors Services LLC Has $184,000 Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

MML Investors Services LLC increased its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 12.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,451 shares of the real estate investment trust’s stock after acquiring an additional 1,338 shares during the period. MML Investors Services LLC’s holdings in Xenia Hotels & Resorts were worth $184,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC acquired a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at about $2,345,000. Panagora Asset Management Inc. raised its position in Xenia Hotels & Resorts by 27.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock valued at $9,689,000 after buying an additional 145,527 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Xenia Hotels & Resorts by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock valued at $2,801,000 after acquiring an additional 1,699 shares in the last quarter. Victory Capital Management Inc. boosted its position in Xenia Hotels & Resorts by 182.7% during the 2nd quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock worth $906,000 after acquiring an additional 40,868 shares during the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Xenia Hotels & Resorts by 65.8% during the 2nd quarter. Los Angeles Capital Management LLC now owns 42,022 shares of the real estate investment trust’s stock worth $602,000 after acquiring an additional 16,677 shares during the last quarter. 92.43% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $17.13.

Xenia Hotels & Resorts Price Performance

NYSE:XHR opened at $15.30 on Friday. The stock has a market capitalization of $1.56 billion, a PE ratio of 66.52 and a beta of 1.52. Xenia Hotels & Resorts, Inc. has a 1-year low of $12.34 and a 1-year high of $16.50. The firm has a fifty day simple moving average of $15.19 and a 200 day simple moving average of $14.47. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend 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.