State of Alaska Department of Revenue Boosts Stake in Xenia Hotels & Resorts, Inc. $XHR

State of Alaska Department of Revenue boosted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 2.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 108,056 shares of the real estate investment trust’s stock after buying an additional 2,718 shares during the period. State of Alaska Department of Revenue owned 0.11% of Xenia Hotels & Resorts worth $1,356,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Allworth Financial LP lifted its holdings in Xenia Hotels & Resorts by 231.4% during the first quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,798 shares during the period. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at $68,000. GAMMA Investing LLC lifted its holdings in shares of Xenia Hotels & Resorts by 288.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,438 shares of the real estate investment trust’s stock valued at $81,000 after purchasing an additional 4,782 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 21.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 13,007 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at $154,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on XHR shares. BMO Capital Markets increased their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an “outperform” rating in a report on Tuesday, September 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a report on Saturday, September 27th. Wall Street Zen lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Finally, Wells Fargo & Company increased their price objective on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $13.20.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $13.38 on Friday. The business’s 50-day moving average is $13.78 and its two-hundred day moving average is $12.49. The company has a market capitalization of $1.28 billion, a P/E ratio of 21.24 and a beta of 1.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. The company had revenue of $287.58 million for the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. Research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 88.89%.

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.