ClariVest Asset Management LLC Has $4.20 Million Stake in Xenia Hotels & Resorts Inc (XHR)

ClariVest Asset Management LLC boosted its holdings in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 244,000 shares of the real estate investment trust’s stock after purchasing an additional 2,100 shares during the quarter. ClariVest Asset Management LLC owned about 0.22% of Xenia Hotels & Resorts worth $4,197,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in XHR. FMR LLC bought a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter worth about $578,000. Raymond James & Associates lifted its holdings in shares of Xenia Hotels & Resorts by 89.4% in the 2nd quarter. Raymond James & Associates now owns 36,075 shares of the real estate investment trust’s stock worth $879,000 after acquiring an additional 17,025 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Xenia Hotels & Resorts by 31.9% in the 3rd quarter. Bank of Montreal Can now owns 293,145 shares of the real estate investment trust’s stock worth $6,947,000 after acquiring an additional 70,956 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd lifted its holdings in shares of Xenia Hotels & Resorts by 6.2% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 161,227 shares of the real estate investment trust’s stock worth $3,821,000 after acquiring an additional 9,410 shares during the last quarter. Finally, Bowling Portfolio Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the 3rd quarter worth about $1,431,000. Hedge funds and other institutional investors own 77.56% of the company’s stock.

XHR stock opened at $18.86 on Thursday. The stock has a market capitalization of $2.09 billion, a P/E ratio of 9.16, a P/E/G ratio of 1.48 and a beta of 1.12. Xenia Hotels & Resorts Inc has a 12 month low of $16.47 and a 12 month high of $25.90. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.63.

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 15th. Investors of record on Monday, December 31st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.83%. The ex-dividend date was Friday, December 28th. Xenia Hotels & Resorts’s dividend payout ratio is presently 53.40%.

Several research firms have recently issued reports on XHR. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Saturday, January 26th. Morgan Stanley lowered shares of Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and lowered their target price for the stock from $22.00 to $17.00 in a report on Thursday, December 20th. Finally, B. Riley set a $25.00 price target on shares of Xenia Hotels & Resorts and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $23.67.

In related news, insider Marcel Verbaas purchased 5,000 shares of Xenia Hotels & Resorts stock in a transaction that occurred on Friday, November 30th. The shares were bought at an average price of $19.99 per share, with a total value of $99,950.00. Following the purchase, the insider now directly owns 100,726 shares of the company’s stock, valued at approximately $2,013,512.74. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.89% of the company’s stock.

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Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, 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 11,239 rooms, across 17 states and the District of Columbia.

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

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