Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lifted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 47.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 198,545 shares of the real estate investment trust’s stock after purchasing an additional 63,490 shares during the period. Thrivent Financial for Lutherans owned 0.19% of Xenia Hotels & Resorts worth $2,933,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Meeder Asset Management Inc. acquired a new position in Xenia Hotels & Resorts in the 2nd quarter valued at about $25,000. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $60,000 after buying an additional 1,023 shares during the period. International Assets Investment Management LLC lifted its holdings in Xenia Hotels & Resorts by 2,559.7% in the third 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 last quarter. Algert Global LLC purchased a new position in Xenia Hotels & Resorts in the second quarter worth approximately $147,000. Finally, Metis Global Partners LLC acquired a new stake in Xenia Hotels & Resorts during the third quarter worth $155,000. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Xenia Hotels & Resorts stock opened at $15.53 on Wednesday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a fifty day simple moving average of $14.85 and a 200-day simple moving average of $14.28. The stock has a market cap of $1.58 billion, a P/E ratio of 68.18 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a 12-month low of $12.05 and a 12-month high of $15.84.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.09%. Xenia Hotels & Resorts’s payout ratio is currently 208.70%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on XHR. Wells Fargo & Company raised Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $16.00 to $15.00 in a research note on Friday, September 13th. B. Riley dropped their price target on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and a consensus target price of $16.38.

Xenia Hotels & Resorts Profile

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.