Mutual of America Capital Management LLC Lowers Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Mutual of America Capital Management LLC reduced its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 3.0% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 299,465 shares of the real estate investment trust’s stock after selling 9,128 shares during the period. Mutual of America Capital Management LLC owned approximately 0.29% of Xenia Hotels & Resorts worth $4,423,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in XHR. Russell Investments Group Ltd. raised its stake in shares of Xenia Hotels & Resorts by 54.5% during the 1st quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock worth $2,068,000 after buying an additional 48,576 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Xenia Hotels & Resorts by 182.7% during the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock worth $906,000 after acquiring an additional 40,868 shares during the period. Allspring Global Investments Holdings LLC purchased a new position in Xenia Hotels & Resorts in the second quarter worth $2,345,000. Federated Hermes Inc. lifted its holdings in Xenia Hotels & Resorts by 179,814.4% in the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after acquiring an additional 350,638 shares during the period. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth $1,054,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Xenia Hotels & Resorts stock opened at $15.01 on Friday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $1.53 billion, a PE ratio of 64.20 and a beta of 1.51. The firm’s 50-day simple moving average is $14.75 and its 200 day simple moving average is $14.27. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.05 and a 52 week high of $15.84.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.20%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their price target for the company from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley dropped their target price on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Finally, StockNews.com lowered 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 assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and an average target price of $16.38.

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.