LSV Asset Management boosted its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) by 99.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,065,627 shares of the real estate investment trust’s stock after acquiring an additional 531,127 shares during the quarter. LSV Asset Management’s holdings in Xenia Hotels & Resorts were worth $15,068,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XHR. Thrivent Financial for Lutherans lifted its stake in shares of Xenia Hotels & Resorts by 318.2% during 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 purchasing an additional 230,921 shares in the last quarter. AlphaQuest LLC lifted its stake in shares of 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 worth $1,824,000 after purchasing an additional 105,529 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth about $1,175,000. JPMorgan Chase & Co. lifted its stake in shares of Xenia Hotels & Resorts by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 2,276,448 shares of the real estate investment trust’s stock worth $31,233,000 after purchasing an additional 79,685 shares in the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Xenia Hotels & Resorts by 48.4% during the third quarter. Allianz Asset Management GmbH now owns 912,583 shares of the real estate investment trust’s stock worth $12,521,000 after purchasing an additional 297,451 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.
Xenia Hotels & Resorts Stock Up 0.2%
NYSE:XHR opened at $16.85 on Tuesday. The firm has a market capitalization of $1.55 billion, a PE ratio of 24.07 and a beta of 1.17. The stock has a 50 day moving average of $15.71 and a 200-day moving average of $15.05. Xenia Hotels & Resorts, Inc. has a 52 week low of $11.34 and a 52 week high of $17.23. The company has a current ratio of 2.05, a quick ratio of 2.05 and a debt-to-equity ratio of 1.14.
Xenia Hotels & Resorts Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date is Tuesday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio is 80.00%.
Insiders Place Their Bets
In other Xenia Hotels & Resorts news, insider Atish Shah sold 120,000 shares of the business’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $17.00, for a total transaction of $2,040,000.00. Following the sale, the insider directly owned 250,805 shares of the company’s stock, valued at $4,263,685. The trade was a 32.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Barry A. N. Bloom sold 151,909 shares of the business’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $15.73, for a total transaction of $2,389,528.57. Following the sale, the insider directly owned 15,233 shares in the company, valued at approximately $239,615.09. This trade represents a 90.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 322,508 shares of company stock valued at $5,219,885 in the last quarter. Insiders own 4.40% of the company’s stock.
Analyst Ratings Changes
A number of brokerages have commented on XHR. BMO Capital Markets restated an “outperform” rating and set a $19.00 price objective on shares of Xenia Hotels & Resorts in a research note on Monday, May 4th. Weiss Ratings upgraded Xenia Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $17.33.
Check Out Our Latest Stock Report on XHR
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.
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