Allspring Global Investments Holdings LLC Has $3.78 Million Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Allspring Global Investments Holdings LLC lifted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 39.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,979 shares of the real estate investment trust’s stock after acquiring an additional 90,405 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.32% of Xenia Hotels & Resorts worth $3,775,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $28,000. Creekmur Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $30,000. Smartleaf Asset Management LLC increased its position in shares of Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,657 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $47,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth $157,000. Institutional investors own 92.43% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Wall Street Zen raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, May 5th. KeyCorp decreased their target price on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their target price for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. Finally, Morgan Stanley decreased their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $12.90.

Xenia Hotels & Resorts Stock Up 0.2%

Xenia Hotels & Resorts stock opened at $13.20 on Monday. The company has a market cap of $1.30 billion, a P/E ratio of 60.00 and a beta of 1.64. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50. The company has a fifty day simple moving average of $12.06 and a 200 day simple moving average of $12.80. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 1.14.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.09. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The company had revenue of $288.93 million during the quarter, compared to the consensus estimate of $276.51 million. During the same quarter last year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts declared that its Board of Directors has approved a share repurchase plan on Wednesday, May 14th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the real estate investment trust to buy up to 8.3% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend is Monday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 254.55%.

About Xenia Hotels & Resorts

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.