Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.5% during the 3rd quarter, Holdings Channel reports. The fund owned 1,662,495 shares of the real estate investment trust’s stock after purchasing an additional 40,807 shares during the quarter. JPMorgan Chase & Co.’s holdings in Xenia Hotels & Resorts were worth $24,555,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Meeder Asset Management Inc. purchased a new stake in Xenia Hotels & Resorts during the second quarter worth $25,000. Loomis Sayles & Co. L P boosted its stake in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Xenia Hotels & Resorts by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,958 shares of the real estate investment trust’s stock worth $60,000 after acquiring an additional 1,023 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock valued at $144,000 after acquiring an additional 9,394 shares during the period. Finally, Algert Global LLC purchased a new position in shares of Xenia Hotels & Resorts in the 2nd quarter valued at about $147,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, December 9th. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday. Finally, Jefferies Financial Group upped their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.63.

Xenia Hotels & Resorts Stock Up 0.1 %

Shares of NYSE:XHR opened at $14.67 on Thursday. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The firm’s 50 day moving average price is $15.25 and its 200 day moving average price is $14.51. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 63.79 and a beta of 1.51.

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 paid a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a yield of 3.27%. Xenia Hotels & Resorts’s dividend payout ratio is currently 208.70%.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.