24,132 Shares in Xenia Hotels & Resorts, Inc. (NYSE:XHR) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) during the 3rd quarter, Holdings Channel reports. The firm bought 24,132 shares of the real estate investment trust’s stock, valued at approximately $356,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in shares of Xenia Hotels & Resorts in the second quarter worth about $25,000. Mirae Asset Global Investments Co. Ltd. lifted its position 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 worth $60,000 after buying an additional 1,023 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of Xenia Hotels & Resorts by 2,559.7% in 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 in the last quarter. Algert Global LLC purchased a new stake in shares of Xenia Hotels & Resorts in the second quarter worth about $147,000. Finally, Metis Global Partners LLC purchased a new stake in shares of Xenia Hotels & Resorts in the third quarter worth about $155,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Trading Up 5.5 %

XHR opened at $16.26 on Wednesday. The stock’s fifty day moving average is $14.93 and its two-hundred day moving average is $14.31. The company has a market capitalization of $1.66 billion, a P/E ratio of 70.70 and a beta of 1.52. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.29 and a 52 week high of $16.28. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts Dividend Announcement

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 given a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.95%. Xenia Hotels & Resorts’s payout ratio is 208.70%.

Analyst Ratings Changes

Several equities research analysts have weighed in on XHR shares. B. Riley reduced their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $16.00 to $15.00 in a research report on Friday, September 13th. 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $16.38.

About Xenia Hotels & Resorts

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.