Xenia Hotels & Resorts, Inc. (NYSE:XHR) Holdings Raised by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lifted its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 39.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 320,979 shares of the real estate investment trust's stock after acquiring an additional 90,405 shares during the period. Allspring Global Investments Holdings LLC owned 0.32% of Xenia Hotels & Resorts worth $3,775,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of XHR. Asset Management One Co. Ltd. increased its position 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 worth $1,808,000 after purchasing an additional 1,204 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position 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 worth $375,000 after purchasing an additional 1,327 shares in the last quarter. Swiss National Bank increased its position in Xenia Hotels & Resorts by 0.8% during the 4th quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust's stock worth $2,981,000 after purchasing an additional 1,500 shares in the last quarter. QRG Capital Management Inc. increased its position in Xenia Hotels & Resorts by 8.2% during the 1st quarter. QRG Capital Management Inc. now owns 19,963 shares of the real estate investment trust's stock worth $235,000 after purchasing an additional 1,518 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in Xenia Hotels & Resorts by 500.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,657 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on XHR shares. Wells Fargo & Company increased their target price on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a research report on Monday, May 5th. KeyCorp lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research report on Monday, March 24th. Morgan Stanley lowered their price objective on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $12.90.

Xenia Hotels & Resorts Stock Up 2.8%

Shares of XHR stock traded up $0.36 during mid-day trading on Thursday, reaching $13.27. 3,240,926 shares of the company were exchanged, compared to its average volume of 846,095. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.95 and a current ratio of 1.95. The company has a market capitalization of $1.31 billion, a P/E ratio of 60.32 and a beta of 1.64. The business's 50 day simple moving average is $12.20 and its 200 day simple moving average is $12.79.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.09. Xenia Hotels & Resorts had a net margin of 2.19% and a return on equity of 1.80%. The business had revenue of $288.93 million during the quarter, compared to the consensus estimate of $276.51 million. During the same quarter last year, the company earned $0.44 earnings per share. The business's quarterly revenue was up 8.0% compared to the same quarter last year. Research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts declared that its Board of Directors has initiated a stock buyback program on Wednesday, May 14th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Monday, June 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 254.55%.

Xenia Hotels & Resorts 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.