Xenia Hotels & Resorts, Inc. $XHR Shares Purchased by Nordea Investment Management AB

Nordea Investment Management AB raised its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 0.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 493,554 shares of the real estate investment trust’s stock after buying an additional 1,944 shares during the quarter. Nordea Investment Management AB’s holdings in Xenia Hotels & Resorts were worth $6,177,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in shares of Xenia Hotels & Resorts by 17.4% during the second quarter. Allianz Asset Management GmbH now owns 615,132 shares of the real estate investment trust’s stock worth $7,732,000 after purchasing an additional 91,349 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Xenia Hotels & Resorts by 54.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 494,924 shares of the real estate investment trust’s stock worth $6,439,000 after purchasing an additional 173,945 shares during the last quarter. CWM LLC boosted its holdings in shares of Xenia Hotels & Resorts by 334.4% during the second quarter. CWM LLC now owns 14,778 shares of the real estate investment trust’s stock worth $186,000 after purchasing an additional 11,376 shares during the last quarter. Inspire Investing LLC boosted its holdings in shares of Xenia Hotels & Resorts by 6.4% during the second quarter. Inspire Investing LLC now owns 31,189 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 1,865 shares during the last quarter. Finally, Aberdeen Group plc boosted its holdings in shares of Xenia Hotels & Resorts by 13.0% during the second quarter. Aberdeen Group plc now owns 31,128 shares of the real estate investment trust’s stock worth $391,000 after purchasing an additional 3,585 shares during the last quarter. Institutional investors and hedge funds own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 2.0%

Shares of XHR opened at $13.29 on Tuesday. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.13. The firm has a market capitalization of $1.27 billion, a P/E ratio of 21.09 and a beta of 1.73. The stock’s fifty day simple moving average is $13.81 and its 200 day simple moving average is $12.57. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The business had revenue of $287.58 million for the quarter, compared to analyst estimates of $273.43 million. During the same period last year, the company posted $0.52 EPS. The business’s quarterly revenue was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, equities research 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 disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.56 annualized dividend and a yield of 4.2%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 88.89%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on XHR shares. Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Saturday, August 2nd. Wells Fargo & Company upgraded Xenia Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. Weiss Ratings restated 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 Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price 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.