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

Victory Capital Management Inc. raised its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 66.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 105,426 shares of the real estate investment trust’s stock after purchasing an additional 42,191 shares during the period. Victory Capital Management Inc.’s holdings in Xenia Hotels & Resorts were worth $1,557,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. QRG Capital Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 13.8% during the 3rd quarter. QRG Capital Management Inc. now owns 19,092 shares of the real estate investment trust’s stock valued at $282,000 after buying an additional 2,310 shares during the period. Van ECK Associates Corp boosted its holdings in Xenia Hotels & Resorts by 12.3% in the third quarter. Van ECK Associates Corp now owns 17,522 shares of the real estate investment trust’s stock valued at $251,000 after acquiring an additional 1,923 shares during the last quarter. James Investment Research Inc. boosted its holdings in Xenia Hotels & Resorts by 48.5% in the third quarter. James Investment Research Inc. now owns 25,315 shares of the real estate investment trust’s stock valued at $374,000 after acquiring an additional 8,266 shares during the last quarter. New York State Teachers Retirement System grew its position in Xenia Hotels & Resorts by 4.2% during the third quarter. New York State Teachers Retirement System now owns 135,804 shares of the real estate investment trust’s stock valued at $2,006,000 after acquiring an additional 5,435 shares during the period. Finally, DekaBank Deutsche Girozentrale increased its stake in Xenia Hotels & Resorts by 9.2% during the third quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock worth $468,000 after acquiring an additional 2,647 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

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

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.06%. The ex-dividend date is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. B. Riley reduced their price target on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price objective for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus 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.