DekaBank Deutsche Girozentrale Buys 2,647 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

DekaBank Deutsche Girozentrale lifted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 9.2% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,531 shares of the real estate investment trust’s stock after purchasing an additional 2,647 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Xenia Hotels & Resorts were worth $468,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the stock. Federated Hermes Inc. increased its holdings in Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock worth $5,027,000 after purchasing an additional 350,638 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Xenia Hotels & Resorts in the 3rd quarter valued at about $4,504,000. Mutual of America Capital Management LLC raised its holdings in Xenia Hotels & Resorts by 1,602.7% during the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock worth $4,422,000 after acquiring an additional 290,469 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in Xenia Hotels & Resorts during the second quarter valued at approximately $2,345,000. Finally, Panagora Asset Management Inc. grew its stake in Xenia Hotels & Resorts by 27.4% in the second quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock valued at $9,689,000 after purchasing an additional 145,527 shares in the last quarter. Institutional investors own 92.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. B. Riley cut their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and decreased their price objective for the company from $16.00 to $15.00 in a research report on Friday, September 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $15.30.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $14.13 on Monday. Xenia Hotels & Resorts, Inc. has a 12 month low of $11.60 and a 12 month high of $15.84. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 1.06. The firm’s fifty day simple moving average is $14.43 and its two-hundred day simple moving average is $14.21. The stock has a market capitalization of $1.44 billion, a P/E ratio of 64.23 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). The firm had revenue of $272.90 million during the quarter, compared to the consensus estimate of $275.66 million. Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The business’s quarterly revenue was up .7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 earnings per share. As a group, analysts predict that Xenia Hotels & Resorts, Inc. will post 1.54 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is 218.18%.

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.