Louisiana State Employees Retirement System purchased a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 42,000 shares of the real estate investment trust’s stock, valued at approximately $623,000.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in Xenia Hotels & Resorts by 18.9% in the first quarter. Royal Bank of Canada now owns 31,100 shares of the real estate investment trust’s stock worth $366,000 after purchasing an additional 4,950 shares during the last quarter. AQR Capital Management LLC raised its stake in Xenia Hotels & Resorts by 75.0% during the 1st quarter. AQR Capital Management LLC now owns 39,894 shares of the real estate investment trust’s stock valued at $469,000 after buying an additional 17,097 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Xenia Hotels & Resorts by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,617 shares of the real estate investment trust’s stock valued at $713,000 after buying an additional 2,633 shares during the period. Jane Street Group LLC lifted its holdings in shares of Xenia Hotels & Resorts by 85.0% during the 1st quarter. Jane Street Group LLC now owns 93,661 shares of the real estate investment trust’s stock valued at $1,101,000 after buying an additional 43,026 shares during the period. Finally, Creative Planning purchased a new position in shares of Xenia Hotels & Resorts in the 2nd quarter worth $230,000. Institutional investors own 92.43% of the company’s stock.
Xenia Hotels & Resorts Stock Performance
XHR opened at $20.24 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.05 and a current ratio of 2.05. The stock has a market capitalization of $1.87 billion, a price-to-earnings ratio of 28.92 and a beta of 1.14. The company has a fifty day moving average of $18.18 and a 200 day moving average of $16.20. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $11.75 and a fifty-two week high of $20.83.
Xenia Hotels & Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, June 30th. Xenia Hotels & Resorts’s payout ratio is currently 80.00%.
Insiders Place Their Bets
In other Xenia Hotels & Resorts news, insider Atish Shah sold 120,000 shares of the 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 completion of the transaction, the insider owned 250,805 shares in the company, valued at $4,263,685. This trade represents a 32.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.40% of the company’s stock.
Analyst Upgrades and Downgrades
A number of analysts recently commented on XHR shares. KeyCorp upped their price objective on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Weiss Ratings downgraded Xenia Hotels & Resorts from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, June 23rd. Wells Fargo & Company raised their target price on Xenia Hotels & Resorts from $16.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, June 1st. Finally, BMO Capital Markets restated an “outperform” rating and set a $21.00 target price on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.25.
Check Out Our Latest Stock Report on Xenia Hotels & Resorts
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.
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