Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Acquired by M&T Bank Corp

M&T Bank Corp increased its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) by 16.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,896 shares of the real estate investment trust’s stock after buying an additional 1,678 shares during the period. M&T Bank Corp’s holdings in Xenia Hotels & Resorts were worth $173,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of XHR. Oppenheimer Asset Management Inc. boosted its stake in Xenia Hotels & Resorts by 12.0% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 25,296 shares of the real estate investment trust’s stock valued at $487,000 after purchasing an additional 2,711 shares during the period. Monarch Partners Asset Management LLC boosted its stake in Xenia Hotels & Resorts by 8.3% during the 1st quarter. Monarch Partners Asset Management LLC now owns 327,883 shares of the real estate investment trust’s stock valued at $6,325,000 after purchasing an additional 25,161 shares during the period. State of Alaska Department of Revenue boosted its stake in Xenia Hotels & Resorts by 3.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 142,248 shares of the real estate investment trust’s stock valued at $2,065,000 after purchasing an additional 4,340 shares during the period. abrdn plc boosted its stake in Xenia Hotels & Resorts by 3.2% during the 1st quarter. abrdn plc now owns 25,280 shares of the real estate investment trust’s stock valued at $493,000 after purchasing an additional 794 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Xenia Hotels & Resorts by 29.1% during the 2nd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 15,327 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 3,457 shares during the period. 87.89% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Down 1.1 %

NYSE XHR opened at $14.59 on Friday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.24 and a quick ratio of 3.24. The company’s 50 day simple moving average is $15.28 and its 200 day simple moving average is $16.16. Xenia Hotels & Resorts, Inc. has a 12 month low of $13.18 and a 12 month high of $20.36. The company has a market capitalization of $1.66 billion, a P/E ratio of -729.14 and a beta of 1.51.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last released its earnings results on Wednesday, November 2nd. The real estate investment trust reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.34). Xenia Hotels & Resorts had a negative return on equity of 0.16% and a negative net margin of 0.24%. The business had revenue of $240.67 million during the quarter, compared to the consensus estimate of $251.15 million. Equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.43 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.74%. Xenia Hotels & Resorts’s payout ratio is currently -1,999.00%.

Wall Street Analyst Weigh In

XHR has been the subject of a number of analyst reports. StockNews.com assumed coverage on shares of Xenia Hotels & Resorts in a research note on Wednesday, October 12th. They set a “hold” rating for the company. B. Riley dropped their price target on shares of Xenia Hotels & Resorts from $22.00 to $20.00 in a research report on Wednesday, November 9th. Wells Fargo & Company dropped their price target on shares of Xenia Hotels & Resorts from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Monday, August 29th. Finally, Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price target for the stock from $22.00 to $17.00 in a research report on Thursday, November 3rd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.80.

Xenia Hotels & Resorts Profile

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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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