Nomura Asset Management Co. Ltd. Sells 3,400 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Nomura Asset Management Co. Ltd. reduced its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.6% during the third quarter, Holdings Channel.com reports. The fund owned 129,900 shares of the real estate investment trust’s stock after selling 3,400 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Xenia Hotels & Resorts were worth $1,919,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of XHR. MML Investors Services LLC grew its stake in Xenia Hotels & Resorts by 12.0% in the third quarter. MML Investors Services LLC now owns 12,451 shares of the real estate investment trust’s stock worth $184,000 after purchasing an additional 1,338 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Xenia Hotels & Resorts by 5.0% during the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after buying an additional 465,141 shares in the last quarter. State Street Corp grew its position in shares of Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock worth $91,597,000 after buying an additional 108,798 shares in the last quarter. Martingale Asset Management L P raised its holdings in shares of Xenia Hotels & Resorts by 6.5% in the third quarter. Martingale Asset Management L P now owns 216,913 shares of the real estate investment trust’s stock valued at $3,204,000 after acquiring an additional 13,162 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Xenia Hotels & Resorts by 370.5% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock worth $10,619,000 after acquiring an additional 566,144 shares during the period. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $15.85 on Friday. The company has a market capitalization of $1.61 billion, a PE ratio of 68.92 and a beta of 1.52. The company has a 50-day simple moving average of $15.12 and a two-hundred day simple moving average of $14.41. Xenia Hotels & Resorts, Inc. has a one year low of $12.34 and a one year high of $16.50. 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 Announces Dividend

The company also recently disclosed 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 dividend yield of 3.03%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 208.70%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on XHR shares. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Wells Fargo & Company lifted their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, December 9th. One 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 data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $17.13.

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.