Xenia Hotels & Resorts, Inc. (NYSE:XHR) Stock Position Raised by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 224,377 shares of the real estate investment trust’s stock after acquiring an additional 8,745 shares during the quarter. Public Sector Pension Investment Board owned approximately 0.22% of Xenia Hotels & Resorts worth $3,215,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Evoke Wealth LLC acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth about $1,047,000. Russell Investments Group Ltd. increased its position in shares of Xenia Hotels & Resorts by 54.5% in the first quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock worth $2,068,000 after acquiring an additional 48,576 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Xenia Hotels & Resorts by 2.8% in the 4th quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock valued at $138,067,000 after acquiring an additional 278,686 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Xenia Hotels & Resorts by 182.7% in the 2nd quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock valued at $906,000 after acquiring an additional 40,868 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new position in Xenia Hotels & Resorts in the 2nd quarter worth approximately $2,345,000. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Trading Down 0.3 %

Shares of NYSE XHR opened at $15.05 on Friday. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 79.21 and a beta of 1.51. The business has a 50 day simple moving average of $13.79 and a 200 day simple moving average of $14.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.26 and a current ratio of 2.26. Xenia Hotels & Resorts, Inc. has a 52 week low of $10.92 and a 52 week high of $15.84.

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

Xenia Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 3.19%. The ex-dividend date is Monday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio is currently 252.63%.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of research analyst reports. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley lowered their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $15.30.

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.