Allianz Asset Management GmbH Buys 297,451 Shares of Xenia Hotels & Resorts, Inc. $XHR

Allianz Asset Management GmbH lifted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 48.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 912,583 shares of the real estate investment trust’s stock after purchasing an additional 297,451 shares during the quarter. Allianz Asset Management GmbH owned 0.95% of Xenia Hotels & Resorts worth $12,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also added to or reduced their stakes in XHR. AlphaQuest LLC lifted its position in Xenia Hotels & Resorts by 384.9% during the third quarter. AlphaQuest LLC now owns 132,949 shares of the real estate investment trust’s stock valued at $1,824,000 after purchasing an additional 105,529 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Xenia Hotels & Resorts by 318.2% in the third quarter. Thrivent Financial for Lutherans now owns 303,499 shares of the real estate investment trust’s stock worth $4,164,000 after buying an additional 230,921 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in shares of Xenia Hotels & Resorts by 54.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 494,924 shares of the real estate investment trust’s stock valued at $6,439,000 after buying an additional 173,945 shares in the last quarter. LSV Asset Management lifted its position in shares of Xenia Hotels & Resorts by 1,170.2% in the second quarter. LSV Asset Management now owns 100,347 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 92,447 shares in the last quarter. Finally, WINTON GROUP Ltd purchased a new position in Xenia Hotels & Resorts in the 2nd quarter worth approximately $2,514,000. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $15.57 on Monday. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $15.65. The stock has a 50-day moving average of $14.64 and a two-hundred day moving average of $13.93. The company has a debt-to-equity ratio of 1.16, a quick ratio of 2.51 and a current ratio of 2.51. The stock has a market cap of $1.48 billion, a P/E ratio of 27.80 and a beta of 1.23.

Xenia Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Wednesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

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

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.