Thrivent Financial for Lutherans Purchases 230,921 Shares of Xenia Hotels & Resorts, Inc. $XHR

Thrivent Financial for Lutherans grew its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 318.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 303,499 shares of the real estate investment trust’s stock after acquiring an additional 230,921 shares during the period. Thrivent Financial for Lutherans owned about 0.32% of Xenia Hotels & Resorts worth $4,164,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. AlphaQuest LLC raised its stake in Xenia Hotels & Resorts by 384.9% in the third quarter. AlphaQuest LLC now owns 132,949 shares of the real estate investment trust’s stock valued at $1,824,000 after buying an additional 105,529 shares during the period. Truist Financial Corp acquired a new position in shares of Xenia Hotels & Resorts during the 3rd quarter worth approximately $144,000. James Investment Research Inc. increased its holdings in shares of Xenia Hotels & Resorts by 12.1% during the 3rd quarter. James Investment Research Inc. now owns 32,770 shares of the real estate investment trust’s stock worth $450,000 after acquiring an additional 3,550 shares during the last quarter. Resona Asset Management Co. Ltd. raised its stake in Xenia Hotels & Resorts by 7.5% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 42,094 shares of the real estate investment trust’s stock valued at $596,000 after acquiring an additional 2,922 shares during the period. Finally, Teacher Retirement System of Texas lifted its holdings in Xenia Hotels & Resorts by 218.1% during the 3rd quarter. Teacher Retirement System of Texas now owns 106,874 shares of the real estate investment trust’s stock valued at $1,466,000 after purchasing an additional 73,281 shares during the last quarter. 92.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Xenia Hotels & Resorts Trading Up 1.6%

Shares of NYSE:XHR opened at $15.57 on Friday. The business’s 50 day simple moving average is $14.64 and its 200 day simple moving average is $13.92. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $15.65. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.51 and a quick ratio of 2.51. The company has a market capitalization of $1.48 billion, a P/E ratio of 27.80 and a beta of 1.23.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were paid a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Wednesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio is presently 100.00%.

Xenia Hotels & Resorts 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.