Swiss National Bank lowered its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) by 12.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 210,880 shares of the real estate investment trust’s stock after selling 29,800 shares during the period. Swiss National Bank owned about 0.20% of Xenia Hotels & Resorts worth $2,872,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC grew its holdings in Xenia Hotels & Resorts by 10.8% during the third quarter. Allspring Global Investments Holdings LLC now owns 11,199 shares of the real estate investment trust’s stock worth $132,000 after acquiring an additional 1,092 shares during the period. Nisa Investment Advisors LLC grew its stake in shares of Xenia Hotels & Resorts by 3.3% during the 3rd quarter. Nisa Investment Advisors LLC now owns 48,626 shares of the real estate investment trust’s stock worth $573,000 after purchasing an additional 1,551 shares during the period. Diversified Trust Co grew its stake in shares of Xenia Hotels & Resorts by 5.6% during the 4th quarter. Diversified Trust Co now owns 29,663 shares of the real estate investment trust’s stock worth $404,000 after purchasing an additional 1,564 shares during the period. Van ECK Associates Corp increased its holdings in shares of Xenia Hotels & Resorts by 17.0% in the 4th quarter. Van ECK Associates Corp now owns 15,053 shares of the real estate investment trust’s stock valued at $205,000 after purchasing an additional 2,184 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in shares of Xenia Hotels & Resorts by 12.7% in the fourth quarter. Victory Capital Management Inc. now owns 21,278 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 2,405 shares during the period. Institutional investors and hedge funds own 92.43% of the company’s stock.
Xenia Hotels & Resorts Stock Down 0.7 %
XHR opened at $14.33 on Thursday. The firm has a market cap of $1.46 billion, a P/E ratio of 75.43 and a beta of 1.46. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.06. The business’s fifty day simple moving average is $14.70 and its 200 day simple moving average is $13.78. Xenia Hotels & Resorts, Inc. has a 52 week low of $10.90 and a 52 week high of $15.84.
Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) last posted its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.28). Xenia Hotels & Resorts had a net margin of 2.09% and a return on equity of 1.58%. The firm had revenue of $253.38 million during the quarter, compared to analyst estimates of $253.00 million. As a group, equities research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.55 EPS for the current fiscal year.
Xenia Hotels & Resorts Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.12 dividend. The ex-dividend date is Friday, June 28th. This represents a $0.48 annualized dividend and a yield of 3.35%. Xenia Hotels & Resorts’s payout ratio is currently 252.64%.
Wall Street Analysts Forecast Growth
XHR has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Friday, May 3rd. Wells Fargo & Company upped their target price on Xenia Hotels & Resorts from $14.00 to $15.50 and gave the company an “equal weight” rating in a report on Thursday, March 21st. B. Riley restated a “neutral” rating and issued a $17.00 price target (up previously from $16.00) on shares of Xenia Hotels & Resorts in a research report on Monday, March 4th. Jefferies Financial Group upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $14.00 to $18.00 in a research report on Thursday, February 29th. Finally, KeyCorp raised their target price on shares of Xenia Hotels & Resorts from $15.00 to $17.00 and gave the company an “overweight” rating in a report on Friday, April 5th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.70.
Read Our Latest Analysis on XHR
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.
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