Xenia Hotels & Resorts, Inc. $XHR Shares Acquired by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in Xenia Hotels & Resorts by 17.4% in Q2, now owning 615,132 shares valued at approximately $7.73 million.
• Xenia Hotels & Resorts reported a quarterly EPS of $0.57, exceeding analysts' expectations, and had a revenue of $287.58 million, which was also above projections.
• The company recently announced a $0.14 quarterly dividend, resulting in an annualized dividend yield of 4.2%, with a payout ratio of 88.89%.

Allianz Asset Management GmbH grew its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 17.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 615,132 shares of the real estate investment trust's stock after buying an additional 91,349 shares during the period. Allianz Asset Management GmbH owned 0.62% of Xenia Hotels & Resorts worth $7,732,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Xenia Hotels & Resorts by 54.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 494,924 shares of the real estate investment trust's stock valued at $6,439,000 after buying an additional 173,945 shares in the last quarter. CWM LLC raised its position in Xenia Hotels & Resorts by 334.4% in the 2nd quarter. CWM LLC now owns 14,778 shares of the real estate investment trust's stock valued at $186,000 after purchasing an additional 11,376 shares during the last quarter. Inspire Investing LLC raised its position in Xenia Hotels & Resorts by 6.4% in the 2nd quarter. Inspire Investing LLC now owns 31,189 shares of the real estate investment trust's stock valued at $392,000 after purchasing an additional 1,865 shares during the last quarter. Aberdeen Group plc raised its position in Xenia Hotels & Resorts by 13.0% in the 2nd quarter. Aberdeen Group plc now owns 31,128 shares of the real estate investment trust's stock valued at $391,000 after purchasing an additional 3,585 shares during the last quarter. Finally, State of Alaska Department of Revenue raised its position in Xenia Hotels & Resorts by 2.6% in the 2nd quarter. State of Alaska Department of Revenue now owns 108,056 shares of the real estate investment trust's stock valued at $1,356,000 after purchasing an additional 2,718 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 0.5%

Shares of Xenia Hotels & Resorts stock opened at $13.35 on Wednesday. The company has a market cap of $1.28 billion, a P/E ratio of 21.19 and a beta of 1.73. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The firm has a fifty day moving average of $13.81 and a two-hundred day moving average of $12.58.

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

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, September 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 88.89%.

Wall Street Analyst Weigh In

Several research firms recently commented on XHR. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts to a "strong-buy" rating in a research report on Friday, October 3rd. Weiss Ratings reiterated a "hold (c)" rating on shares of Xenia Hotels & Resorts in a research report on Wednesday, October 8th. Wall Street Zen downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, BMO Capital Markets upped their price objective on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an "outperform" rating in a research 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 assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $13.20.

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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