abrdn plc Increases Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

abrdn plc boosted its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 30.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,585 shares of the real estate investment trust’s stock after purchasing an additional 6,232 shares during the quarter. abrdn plc’s holdings in Xenia Hotels & Resorts were worth $401,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of XHR. Geode Capital Management LLC grew its holdings in shares of Xenia Hotels & Resorts by 2.3% in the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock worth $39,135,000 after acquiring an additional 60,323 shares during the period. Barclays PLC lifted its position in Xenia Hotels & Resorts by 295.7% during the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock worth $2,555,000 after acquiring an additional 129,328 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in Xenia Hotels & Resorts by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after buying an additional 59,212 shares during the period. JPMorgan Chase & Co. boosted its holdings in Xenia Hotels & Resorts by 2.5% in the third quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust’s stock valued at $24,555,000 after purchasing an additional 40,807 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Xenia Hotels & Resorts by 370.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock worth $10,619,000 after buying an additional 566,144 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on XHR shares. Wells Fargo & Company lifted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Jefferies Financial Group raised their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. Finally, StockNews.com raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.63.

Xenia Hotels & Resorts Trading Down 0.8 %

Shares of NYSE:XHR opened at $14.73 on Wednesday. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.34 and a 1 year high of $16.50. 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 fifty day moving average price of $15.17 and a 200 day moving average price of $14.62. The stock has a market capitalization of $1.50 billion, a PE ratio of 64.05 and a beta of 1.50.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st were given a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 3.26%. The ex-dividend date was Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.