Allspring Global Investments Holdings LLC Boosts Stock Holdings in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Allspring Global Investments Holdings LLC increased its stake in Xenia Hotels & Resorts by 54.2%, owning 494,924 shares worth approximately $6.4 million after acquiring an additional 173,945 shares in the second quarter.
• Analyst ratings for Xenia Hotels & Resorts have varied, with Wells Fargo upgrading it to a "strong buy" while Wall Street Zen downgraded it to a "hold."
• Xenia Hotels & Resorts declared a quarterly dividend of $0.14 per share, resulting in a yield of 4.3%, with a payout ratio currently at 88.89%.

Allspring Global Investments Holdings LLC raised its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 54.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 494,924 shares of the real estate investment trust's stock after purchasing an additional 173,945 shares during the period. Allspring Global Investments Holdings LLC owned 0.50% of Xenia Hotels & Resorts worth $6,439,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. GAMMA Investing LLC grew its stake in Xenia Hotels & Resorts by 1,623.5% in the 1st quarter. GAMMA Investing LLC now owns 19,475 shares of the real estate investment trust's stock worth $229,000 after buying an additional 18,345 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Xenia Hotels & Resorts by 11.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 19,631 shares of the real estate investment trust's stock valued at $231,000 after purchasing an additional 1,943 shares in the last quarter. QRG Capital Management Inc. boosted its stake in shares of Xenia Hotels & Resorts by 8.2% in the 1st quarter. QRG Capital Management Inc. now owns 19,963 shares of the real estate investment trust's stock valued at $235,000 after purchasing an additional 1,518 shares in the last quarter. Oppenheimer Asset Management Inc. raised its holdings in Xenia Hotels & Resorts by 4.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 31,900 shares of the real estate investment trust's stock valued at $375,000 after buying an additional 1,327 shares during the last quarter. Finally, Asset Management One Co. Ltd. raised its holdings in Xenia Hotels & Resorts by 0.8% during the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock valued at $1,808,000 after buying an additional 1,204 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on XHR shares. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company raised shares of Xenia Hotels & Resorts to a "strong-buy" rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Xenia Hotels & Resorts in a report on Wednesday, October 8th. Finally, BMO Capital Markets raised their price objective on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Xenia Hotels & Resorts has an average rating of "Moderate Buy" and a consensus target price of $13.20.

Xenia Hotels & Resorts Trading Up 0.8%

Xenia Hotels & Resorts stock opened at $13.01 on Monday. The stock has a market cap of $1.25 billion, a P/E ratio of 20.64 and a beta of 1.73. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50. The firm's 50 day moving average price is $13.79 and its 200-day moving average price is $12.55.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.14. The firm had revenue of $287.58 million for the quarter, compared to analysts' expectations of $273.43 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The company's revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.52 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.3%. The ex-dividend date was Tuesday, September 30th. Xenia Hotels & Resorts's payout ratio is currently 88.89%.

About Xenia Hotels & Resorts

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.

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