Daiwa Securities Group Inc. Buys 1,415 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Daiwa Securities Group Inc. boosted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 33,728 shares of the real estate investment trust’s stock after purchasing an additional 1,415 shares during the period. Daiwa Securities Group Inc.’s holdings in Xenia Hotels & Resorts were worth $498,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in XHR. Federated Hermes Inc. grew its position in Xenia Hotels & Resorts by 179,814.4% in the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after purchasing an additional 350,638 shares during the period. SG Americas Securities LLC bought a new stake in Xenia Hotels & Resorts in the 3rd quarter worth approximately $4,504,000. Mutual of America Capital Management LLC grew its position in 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 purchasing an additional 290,469 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in Xenia Hotels & Resorts in the 2nd quarter worth approximately $2,345,000. Finally, Panagora Asset Management Inc. boosted its stake in shares of Xenia Hotels & Resorts by 27.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock worth $9,689,000 after acquiring an additional 145,527 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Up 0.2 %

XHR opened at $15.38 on Friday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $12.05 and a fifty-two week high of $15.84. The firm’s fifty day moving average is $14.91 and its 200 day moving average is $14.30. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 66.87 and a beta of 1.51.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Analysts Set New Price Targets

XHR has been the topic of several analyst reports. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price target for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. Finally, B. Riley dropped 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 note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Xenia Hotels & Resorts has a consensus rating of “Hold” and an average 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.