abrdn plc Has $354,000 Stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

abrdn plc trimmed its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) by 3.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,410 shares of the real estate investment trust’s stock after selling 870 shares during the period. abrdn plc’s holdings in Xenia Hotels & Resorts were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Advisor Partners LLC increased its stake in shares of Xenia Hotels & Resorts by 8.6% in the 1st quarter. Advisor Partners LLC now owns 13,222 shares of the real estate investment trust’s stock valued at $255,000 after buying an additional 1,051 shares during the period. Comerica Bank increased its stake in shares of Xenia Hotels & Resorts by 15.7% in the 1st quarter. Comerica Bank now owns 98,054 shares of the real estate investment trust’s stock valued at $1,938,000 after buying an additional 13,282 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Xenia Hotels & Resorts by 3.2% in the 1st quarter. Daiwa Securities Group Inc. now owns 34,004 shares of the real estate investment trust’s stock valued at $656,000 after buying an additional 1,045 shares during the period. SG Americas Securities LLC increased its stake in shares of Xenia Hotels & Resorts by 354.3% in the 1st quarter. SG Americas Securities LLC now owns 94,532 shares of the real estate investment trust’s stock valued at $1,824,000 after buying an additional 73,723 shares during the period. Finally, Mutual of America Capital Management LLC increased its stake in shares of Xenia Hotels & Resorts by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 854 shares during the period. 87.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

XHR has been the subject of several research reports. Jefferies Financial Group cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their target price for the company from $22.00 to $17.00 in a research note on Thursday, November 3rd. Wells Fargo & Company decreased their price objective on Xenia Hotels & Resorts from $21.00 to $20.00 and set an “overweight” rating for the company in a research note on Monday, August 29th. B. Riley decreased their price objective on Xenia Hotels & Resorts from $22.00 to $20.00 in a research note on Wednesday. Finally, StockNews.com began coverage on Xenia Hotels & Resorts in a research note on Wednesday, October 12th. They set a “hold” rating for the company. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.80.

Xenia Hotels & Resorts Stock Performance

XHR stock opened at $15.46 on Friday. The business’s 50-day moving average price is $15.36 and its two-hundred day moving average price is $16.32. The company has a current ratio of 3.24, a quick ratio of 3.24 and a debt-to-equity ratio of 0.98. The firm has a market cap of $1.76 billion, a PE ratio of -772.61 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a 1-year low of $13.18 and a 1-year high of $20.36.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last posted its earnings results on Wednesday, November 2nd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.34). The business had revenue of $240.67 million for the quarter, compared to the consensus estimate of $251.15 million. Xenia Hotels & Resorts had a negative return on equity of 0.16% and a negative net margin of 0.24%. As a group, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.45 earnings per share for the current year.

Xenia Hotels & Resorts Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were issued a dividend of $0.10 per share. The ex-dividend date was Thursday, September 29th. This represents a $0.40 annualized dividend and a yield of 2.59%. Xenia Hotels & Resorts’s dividend payout ratio is presently -1,999.00%.

Xenia Hotels & Resorts Profile

(Get Rating)

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 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.

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

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