Fmr LLC Lowers Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Fmr LLC trimmed its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 15.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,176 shares of the real estate investment trust’s stock after selling 1,510 shares during the quarter. Fmr LLC’s holdings in Xenia Hotels & Resorts were worth $121,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC purchased a new position in Xenia Hotels & Resorts in the 2nd quarter worth about $234,000. Allspring Global Investments Holdings LLC acquired a new position in Xenia Hotels & Resorts in the 2nd quarter worth about $2,345,000. Signature Estate & Investment Advisors LLC acquired a new stake in Xenia Hotels & Resorts in the 2nd quarter valued at $167,000. Panagora Asset Management Inc. boosted its holdings 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 worth $9,689,000 after buying an additional 145,527 shares during the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings 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 purchasing an additional 1,699 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Wells Fargo & Company upped their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $17.13.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock opened at $15.14 on Monday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 65.83 and a beta of 1.52. The stock’s 50-day moving average is $15.18 and its two-hundred day moving average is $14.45. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.34 and a 1 year high of $16.50.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.12 dividend. 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 3.17%. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

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.