Resona Asset Management Co. Ltd. Sells 5,116 Shares of Xenia Hotels & Resorts, Inc. $XHR

Resona Asset Management Co. Ltd. reduced its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 11.6% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 39,172 shares of the real estate investment trust’s stock after selling 5,116 shares during the period. Resona Asset Management Co. Ltd.’s holdings in Xenia Hotels & Resorts were worth $500,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Allworth Financial LP raised its stake in Xenia Hotels & Resorts by 231.4% in the first quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,798 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Xenia Hotels & Resorts in the 1st quarter valued at approximately $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 worth $81,000 after acquiring an additional 4,782 shares during the period. AdvisorShares Investments LLC lifted its holdings in shares of Xenia Hotels & Resorts by 38.2% during the 2nd quarter. AdvisorShares Investments LLC now owns 8,400 shares of the real estate investment trust’s stock worth $106,000 after acquiring an additional 2,320 shares during the period. Finally, Vestmark Advisory Solutions Inc. boosted its position 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 worth $153,000 after acquiring an additional 2,256 shares in the last quarter. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 0.2%

NYSE XHR opened at $13.85 on Wednesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 21.98 and a beta of 1.71. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13. The business’s fifty day moving average is $13.61 and its 200 day moving average is $12.95.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Friday, October 31st. The real estate investment trust reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.39. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The firm had revenue of $236.42 million during the quarter, compared to the consensus estimate of $236.16 million. During the same period last year, the company earned $0.25 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. As a group, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.14 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.56 annualized dividend and a yield of 4.0%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 100.00%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on XHR. BMO Capital Markets upped their target price on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company raised Xenia Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. Wall Street Zen lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.20.

Xenia Hotels & Resorts Company 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.