Arete Wealth Advisors LLC Sells 2,607 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Arete Wealth Advisors LLC lowered its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,489 shares of the real estate investment trust’s stock after selling 2,607 shares during the quarter. Arete Wealth Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $316,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of XHR. Meeder Asset Management Inc. bought a new stake in Xenia Hotels & Resorts during the second quarter valued at $25,000. Loomis Sayles & Co. L P boosted its position in shares of Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,982 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted 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 worth $60,000 after purchasing an additional 1,023 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Xenia Hotels & Resorts by 2,559.7% during the 3rd quarter. International Assets Investment Management LLC now owns 9,761 shares of the real estate investment trust’s stock worth $144,000 after purchasing an additional 9,394 shares in the last quarter. Finally, Algert Global LLC bought a new position in shares of Xenia Hotels & Resorts during the 2nd quarter worth about $147,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Down 1.3 %

XHR opened at $15.85 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $12.34 and a fifty-two week high of $16.50. The firm has a market capitalization of $1.61 billion, a PE ratio of 68.89 and a beta of 1.52. The company’s 50-day moving average is $15.12 and its 200 day moving average is $14.41.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.12 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.03%. Xenia Hotels & Resorts’s dividend payout ratio is presently 208.70%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $17.13.

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.