Victory Capital Management Inc. Raises Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Victory Capital Management Inc. lifted its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 66.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,426 shares of the real estate investment trust’s stock after acquiring an additional 42,191 shares during the quarter. Victory Capital Management Inc. owned 0.10% of Xenia Hotels & Resorts worth $1,557,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP raised its holdings in Xenia Hotels & Resorts by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,481,995 shares of the real estate investment trust’s stock worth $21,236,000 after purchasing an additional 45,787 shares during the last quarter. Panagora Asset Management Inc. increased its position in shares of Xenia Hotels & Resorts by 27.4% in the second quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock valued at $9,689,000 after buying an additional 145,527 shares in 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 buying an additional 350,638 shares during the last quarter. Mutual of America Capital Management LLC boosted its position in shares of Xenia Hotels & Resorts by 1,602.7% in the 2nd 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 in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Xenia Hotels & Resorts in the 3rd quarter valued at about $4,504,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $15.68 on Tuesday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market cap of $1.60 billion, a PE ratio of 66.66 and a beta of 1.51. The firm has a 50 day simple moving average of $14.81 and a 200-day simple moving average of $14.27. Xenia Hotels & Resorts, Inc. has a 1-year low of $12.05 and a 1-year high of $15.84.

Xenia Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 3.06%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on XHR shares. B. Riley cut 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 research report on Wednesday, August 7th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their price objective for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. Finally, StockNews.com cut 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 given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.38.

Xenia Hotels & Resorts 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.