Franklin Resources Inc. Buys 3,101 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Franklin Resources Inc. lifted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 78,864 shares of the real estate investment trust’s stock after purchasing an additional 3,101 shares during the quarter. Franklin Resources Inc.’s holdings in Xenia Hotels & Resorts were worth $1,173,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Xenia Hotels & Resorts by 370.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock worth $10,619,000 after purchasing an additional 566,144 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Xenia Hotels & Resorts by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after buying an additional 465,141 shares during the last quarter. Federated Hermes Inc. raised its stake in shares of Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after acquiring an additional 350,638 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Xenia Hotels & Resorts during the third quarter valued at approximately $4,504,000. Finally, Mutual of America Capital Management LLC boosted its stake in Xenia Hotels & Resorts by 1,602.7% in the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock valued at $4,422,000 after acquiring an additional 290,469 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Price Performance

NYSE:XHR opened at $15.09 on Friday. The firm’s fifty day moving average is $15.21 and its two-hundred day moving average is $14.48. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 65.61 and a beta of 1.52. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts, Inc. has a one year low of $12.34 and a one year high of $16.50.

Xenia Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 3.18%. Xenia Hotels & Resorts’s payout ratio is 208.70%.

Wall Street Analysts Forecast Growth

Several research analysts recently 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 research report on Monday, December 9th. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $17.13.

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.