Mirae Asset Global Investments Co. Ltd. Has $60,000 Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 34.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,958 shares of the real estate investment trust’s stock after buying an additional 1,023 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Xenia Hotels & Resorts were worth $60,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth $25,000. EntryPoint Capital LLC acquired a new position in shares of Xenia Hotels & Resorts during the first quarter worth $135,000. International Assets Investment Management LLC increased its holdings in 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 valued at $144,000 after purchasing an additional 9,394 shares during the period. Algert Global LLC acquired a new stake in Xenia Hotels & Resorts in the second quarter valued at $147,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in Xenia Hotels & Resorts in the first quarter valued at $164,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $14.49 on Wednesday. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. The stock has a market capitalization of $1.48 billion, a P/E ratio of 65.84 and a beta of 1.51. The firm’s fifty day simple moving average is $14.46 and its two-hundred day simple moving average is $14.21. Xenia Hotels & Resorts, Inc. has a 12 month low of $11.66 and a 12 month high of $15.84.

Xenia Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.12 per share. The ex-dividend date was Monday, September 30th. This represents a $0.48 dividend on an annualized basis and a yield of 3.31%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 218.18%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on XHR shares. B. Riley decreased their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. 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 report on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $15.30.

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.