Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Sold by Amalgamated Bank

Amalgamated Bank reduced its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,420 shares of the real estate investment trust’s stock after selling 896 shares during the quarter. Amalgamated Bank’s holdings in Xenia Hotels & Resorts were worth $449,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Meeder Asset Management Inc. purchased a new position in Xenia Hotels & Resorts in the second quarter worth $25,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Xenia Hotels & Resorts by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 1,023 shares during the period. EntryPoint Capital LLC purchased a new stake in Xenia Hotels & Resorts during the first quarter worth about $135,000. International Assets Investment Management LLC grew its position in Xenia Hotels & Resorts by 2,559.7% during the third quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 9,394 shares during the period. Finally, Algert Global LLC purchased a new position in Xenia Hotels & Resorts in the second quarter valued at about $147,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Xenia Hotels & Resorts Stock Performance

Xenia Hotels & Resorts stock opened at $14.77 on Friday. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $15.84. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of 64.22 and a beta of 1.51. The stock has a fifty day moving average of $14.66 and a two-hundred day moving average of $14.26. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.25%. The ex-dividend date was Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is 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.