Thrivent Financial for Lutherans Increases Stock Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Thrivent Financial for Lutherans grew its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 47.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 198,545 shares of the real estate investment trust’s stock after purchasing an additional 63,490 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Xenia Hotels & Resorts were worth $2,933,000 as of its most recent filing with the SEC.

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

Xenia Hotels & Resorts Stock Down 1.0 %

XHR opened at $15.53 on Wednesday. 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 12 month low of $12.05 and a 12 month high of $15.84. The stock has a market capitalization of $1.58 billion, a P/E ratio of 68.18 and a beta of 1.51. The business has a 50 day simple moving average of $14.85 and a 200-day simple moving average of $14.28.

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.12 per share. The ex-dividend date is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.09%. Xenia Hotels & Resorts’s payout ratio is currently 208.70%.

Analyst Ratings Changes

Several research firms have commented on XHR. B. Riley reduced their price objective on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. Finally, Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday, September 13th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $16.38.

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.