Geode Capital Management LLC Buys 60,323 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Geode Capital Management LLC increased its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,649,168 shares of the real estate investment trust’s stock after purchasing an additional 60,323 shares during the quarter. Geode Capital Management LLC owned about 2.60% of Xenia Hotels & Resorts worth $39,135,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. bought a new stake in shares of Xenia Hotels & Resorts during the second quarter worth $25,000. Loomis Sayles & Co. L P lifted its position in Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,982 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Xenia Hotels & Resorts by 34.9% in the 3rd 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 last quarter. International Assets Investment Management LLC grew its position in shares of Xenia Hotels & Resorts by 2,559.7% during the 3rd 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 bought a new stake in shares of Xenia Hotels & Resorts during the second quarter worth approximately $147,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Up 0.8 %

Shares of NYSE:XHR opened at $15.22 on Wednesday. The company has a 50 day moving average price of $15.18 and a two-hundred day moving average price of $14.46. 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 company has a market capitalization of $1.55 billion, a PE ratio of 66.18 and a beta of 1.52. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.34 and a 52 week high of $16.50.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 3.15%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

Analysts Set New Price Targets

XHR has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note 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’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $17.13.

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.