Arrow Investment Advisors LLC lessened its position in Xenia Hotels & Resorts Inc (NYSE:XHR) by 10.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,450 shares of the real estate investment trust’s stock after selling 3,300 shares during the period. Arrow Investment Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $636,000 as of its most recent filing with the SEC.
A number of other large investors have also recently modified their holdings of XHR. Cbre Clarion Securities LLC bought a new stake in Xenia Hotels & Resorts in the fourth quarter valued at approximately $22,003,000. JPMorgan Chase & Co. increased its stake in Xenia Hotels & Resorts by 45.4% in the third quarter. JPMorgan Chase & Co. now owns 1,193,202 shares of the real estate investment trust’s stock valued at $25,188,000 after purchasing an additional 372,518 shares in the last quarter. Prudential Financial Inc. increased its stake in Xenia Hotels & Resorts by 15.2% in the third quarter. Prudential Financial Inc. now owns 2,560,869 shares of the real estate investment trust’s stock valued at $53,906,000 after purchasing an additional 337,288 shares in the last quarter. Wells Fargo & Company MN increased its stake in Xenia Hotels & Resorts by 99.7% in the fourth quarter. Wells Fargo & Company MN now owns 603,218 shares of the real estate investment trust’s stock valued at $13,024,000 after purchasing an additional 301,193 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its stake in Xenia Hotels & Resorts by 78.1% in the third quarter. Russell Investments Group Ltd. now owns 520,176 shares of the real estate investment trust’s stock valued at $10,949,000 after purchasing an additional 228,067 shares in the last quarter. 71.71% of the stock is owned by hedge funds and other institutional investors.
Several brokerages have commented on XHR. ValuEngine downgraded shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Sunday, January 21st. Finally, B. Riley reiterated a “hold” rating and issued a $23.00 price target on shares of Xenia Hotels & Resorts in a report on Thursday, November 9th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $21.83.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 5.55%. The ex-dividend date is Wednesday, March 28th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 86.61%.
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Xenia Hotels & Resorts Profile
Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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