Deutsche Bank AG Acquires 27,033 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Deutsche Bank AG lifted its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 25.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 133,162 shares of the real estate investment trust’s stock after purchasing an additional 27,033 shares during the period. Deutsche Bank AG owned 0.13% of Xenia Hotels & Resorts worth $1,979,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in XHR. Barclays PLC increased its stake in Xenia Hotels & Resorts by 295.7% during the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after acquiring an additional 129,328 shares during the period. Fifth Third Bancorp increased its stake in Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,443 shares during the period. KBC Group NV increased its stake in Xenia Hotels & Resorts by 67.1% during the fourth quarter. KBC Group NV now owns 6,365 shares of the real estate investment trust’s stock valued at $95,000 after acquiring an additional 2,557 shares during the period. abrdn plc increased its stake in Xenia Hotels & Resorts by 30.6% during the fourth quarter. abrdn plc now owns 26,585 shares of the real estate investment trust’s stock valued at $401,000 after acquiring an additional 6,232 shares during the period. Finally, Entropy Technologies LP bought a new position in Xenia Hotels & Resorts during the fourth quarter valued at about $157,000. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Trading Down 0.6%

XHR stock opened at $11.59 on Friday. The business has a fifty day moving average price of $11.11 and a 200 day moving average price of $13.48. 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 fifty-two week low of $8.55 and a fifty-two week high of $16.50. The stock has a market capitalization of $1.14 billion, a price-to-earnings ratio of 50.40 and a beta of 1.60.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $288.93 million for the quarter, compared to the consensus estimate of $276.51 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.44 EPS. Analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts declared that its board has approved a share buyback program on Wednesday, May 14th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its stock is undervalued.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.83%. The ex-dividend date is Monday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 254.55%.

Analysts Set New Price Targets

XHR has been the topic of several research reports. Wall Street Zen upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Monday, May 5th. Morgan Stanley lowered their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a research note on Tuesday, April 22nd. KeyCorp lowered their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company lowered their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their price objective for the company from $18.00 to $10.00 in a research note on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus price target of $13.50.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in luxury and upper upscale hotels and resorts. It also owns a diversified portfolio of lodging properties operated by Marriott, Kimpton, Hyatt, Aston, Fairmong, and Loews. The company was founded in 2007 and is headquartered in Orlando, FL.