Nordea Investment Management AB Sells 200,042 Shares of Xenia Hotels & Resorts, Inc. $XHR

Nordea Investment Management AB reduced its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 40.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 293,512 shares of the real estate investment trust’s stock after selling 200,042 shares during the quarter. Nordea Investment Management AB owned approximately 0.31% of Xenia Hotels & Resorts worth $4,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its position in Xenia Hotels & Resorts by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 2,196,763 shares of the real estate investment trust’s stock worth $27,613,000 after purchasing an additional 276,523 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Xenia Hotels & Resorts by 76.6% in the second quarter. Arrowstreet Capital Limited Partnership now owns 2,070,540 shares of the real estate investment trust’s stock worth $26,027,000 after acquiring an additional 898,176 shares during the period. Legal & General Group Plc grew its position in shares of Xenia Hotels & Resorts by 5.1% in the second quarter. Legal & General Group Plc now owns 769,690 shares of the real estate investment trust’s stock valued at $9,675,000 after purchasing an additional 37,461 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Xenia Hotels & Resorts by 55.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 769,127 shares of the real estate investment trust’s stock worth $10,437,000 after purchasing an additional 274,203 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Xenia Hotels & Resorts by 3.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 631,865 shares of the real estate investment trust’s stock valued at $7,944,000 after buying an additional 22,426 shares in the last quarter. Institutional investors own 92.43% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on XHR. Wells Fargo & Company upped their target price on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Wall Street Zen lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Robert W. Baird set a $17.00 price objective on shares of Xenia Hotels & Resorts in a report on Monday, January 12th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research note on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $14.00.

Xenia Hotels & Resorts Stock Down 1.4%

XHR opened at $14.66 on Monday. The company has a market cap of $1.39 billion, a P/E ratio of 26.18 and a beta of 1.23. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $15.47. The business’s 50-day moving average price is $14.29 and its 200-day moving average price is $13.72. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.16.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.39. Xenia Hotels & Resorts had a return on equity of 4.50% and a net margin of 5.24%.The business had revenue of $236.42 million for the quarter, compared to analysts’ expectations of $236.16 million. During the same period in the previous year, the firm earned $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. On average, equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Wednesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is 100.00%.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.