IndexIQ Advisors LLC Sells 5,796 Shares of Xenia Hotels & Resorts Inc (NYSE:XHR)

IndexIQ Advisors LLC decreased its holdings in Xenia Hotels & Resorts Inc (NYSE:XHR) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,513 shares of the real estate investment trust’s stock after selling 5,796 shares during the period. IndexIQ Advisors LLC owned 0.05% of Xenia Hotels & Resorts worth $1,329,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XHR. California Public Employees Retirement System boosted its stake in shares of Xenia Hotels & Resorts by 54.5% in the fourth quarter. California Public Employees Retirement System now owns 441,069 shares of the real estate investment trust’s stock worth $9,532,000 after acquiring an additional 155,589 shares during the period. Chicago Equity Partners LLC boosted its stake in Xenia Hotels & Resorts by 265.7% during the third quarter. Chicago Equity Partners LLC now owns 198,029 shares of the real estate investment trust’s stock valued at $4,182,000 after buying an additional 143,880 shares during the last quarter. State of New Jersey Common Pension Fund D bought a new position in Xenia Hotels & Resorts during the third quarter valued at approximately $2,287,000. State Street Corp boosted its stake in Xenia Hotels & Resorts by 1.2% during the third quarter. State Street Corp now owns 5,167,325 shares of the real estate investment trust’s stock valued at $110,537,000 after buying an additional 63,432 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Xenia Hotels & Resorts during the fourth quarter valued at approximately $1,293,000. 88.36% of the stock is owned by hedge funds and other institutional investors.

XHR has been the subject of a number of research reports. Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price target for the company from $26.00 to $22.00 in a research note on Thursday, October 17th. They noted that the move was a valuation call. Morgan Stanley dropped their price target on Xenia Hotels & Resorts from $18.00 to $16.00 and set an “underweight” rating for the company in a research note on Thursday, January 9th. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. BMO Capital Markets reissued a “hold” rating and set a $21.00 price target on shares of Xenia Hotels & Resorts in a research note on Monday, November 4th. Finally, Janney Montgomery Scott initiated coverage on Xenia Hotels & Resorts in a research note on Monday, December 16th. They set a “neutral” rating and a $23.50 price target for the company. One analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $22.07.

Shares of Xenia Hotels & Resorts stock opened at $19.59 on Friday. The stock has a 50 day moving average of $20.23 and a 200 day moving average of $20.82. Xenia Hotels & Resorts Inc has a 12 month low of $18.54 and a 12 month high of $23.33. The firm has a market cap of $2.19 billion, a PE ratio of 15.93, a PEG ratio of 1.89 and a beta of 1.04. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.64.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 5.62%. The ex-dividend date was Monday, December 30th. Xenia Hotels & Resorts’s payout ratio is presently 49.55%.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 40 hotels comprising 11,167 rooms across 17 states.

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Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

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