WINTON GROUP Ltd acquired a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 199,965 shares of the real estate investment trust’s stock, valued at approximately $2,514,000.
A number of other hedge funds have also modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Xenia Hotels & Resorts during the first quarter valued at $68,000. GAMMA Investing LLC increased its stake in Xenia Hotels & Resorts by 288.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,438 shares of the real estate investment trust’s stock worth $81,000 after purchasing an additional 4,782 shares in the last quarter. AdvisorShares Investments LLC raised its holdings in Xenia Hotels & Resorts by 38.2% during the 2nd quarter. AdvisorShares Investments LLC now owns 8,400 shares of the real estate investment trust’s stock worth $106,000 after buying an additional 2,320 shares during the period. PNC Financial Services Group Inc. lifted its stake in Xenia Hotels & Resorts by 79.2% during the second quarter. PNC Financial Services Group Inc. now owns 8,557 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 3,782 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in Xenia Hotels & Resorts during the second quarter valued at about $138,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Stock Performance
XHR stock opened at $13.54 on Tuesday. The firm has a 50 day simple moving average of $13.33 and a 200 day simple moving average of $13.24. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50. The stock has a market cap of $1.28 billion, a P/E ratio of 24.17 and a beta of 1.24. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.51 and a current ratio of 2.51.
Xenia Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 4.1%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 100.00%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on XHR shares. Weiss Ratings reissued a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Monday, December 1st. BMO Capital Markets lifted their price objective on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Finally, Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “overweight” rating in a report on Monday, December 1st. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $13.40.
Read Our Latest Stock Report on XHR
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.
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