The Manufacturers Life Insurance Company Decreases Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

The Manufacturers Life Insurance Company reduced its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,510 shares of the real estate investment trust’s stock after selling 1,287 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Xenia Hotels & Resorts were worth $761,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake 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 buying an additional 40,868 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Xenia Hotels & Resorts by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after buying an additional 59,212 shares during the period. Allspring Global Investments Holdings LLC purchased a new stake in Xenia Hotels & Resorts during the second quarter worth approximately $2,345,000. Federated Hermes Inc. grew its stake in Xenia Hotels & Resorts by 179,814.4% during the second quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after buying an additional 350,638 shares during the period. Finally, Mutual of America Capital Management LLC grew its stake in Xenia Hotels & Resorts by 1,602.7% during the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock worth $4,422,000 after buying an additional 290,469 shares during the period. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

XHR has been the topic of a number of recent research reports. Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One 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. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.13.

Xenia Hotels & Resorts Trading Down 1.3 %

NYSE XHR opened at $15.85 on Friday. The company’s fifty day simple moving average is $15.12 and its 200-day simple moving average is $14.41. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.34 and a 52 week high of $16.50. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.61 billion, a P/E ratio of 68.89 and a beta of 1.52.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.03%. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

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.