Resona Asset Management Co. Ltd. Has $500,000 Stock Position in Xenia Hotels & Resorts, Inc. $XHR

Resona Asset Management Co. Ltd. reduced its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 11.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 39,172 shares of the real estate investment trust’s stock after selling 5,116 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Xenia Hotels & Resorts were worth $500,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in XHR. AdvisorShares Investments LLC increased its stake in Xenia Hotels & Resorts by 38.2% in the 2nd quarter. AdvisorShares Investments LLC now owns 8,400 shares of the real estate investment trust’s stock valued at $106,000 after buying an additional 2,320 shares during the last quarter. James Investment Research Inc. increased its position in shares of Xenia Hotels & Resorts by 15.4% in the second quarter. James Investment Research Inc. now owns 29,220 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 3,907 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in Xenia Hotels & Resorts by 10.7% during the second quarter. Envestnet Asset Management Inc. now owns 92,206 shares of the real estate investment trust’s stock worth $1,159,000 after acquiring an additional 8,912 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in Xenia Hotels & Resorts by 8.8% during the second quarter. DekaBank Deutsche Girozentrale now owns 31,531 shares of the real estate investment trust’s stock valued at $400,000 after purchasing an additional 2,548 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its position in Xenia Hotels & Resorts by 3.3% during the second quarter. Mutual of America Capital Management LLC now owns 307,496 shares of the real estate investment trust’s stock valued at $3,865,000 after purchasing an additional 9,869 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on XHR. Wall Street Zen lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Sunday. BMO Capital Markets upped their price target 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. Wells Fargo & Company upgraded shares of Xenia Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research note on Wednesday, October 8th. One equities research 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, Xenia Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus target price of $13.20.

Xenia Hotels & Resorts Price Performance

Xenia Hotels & Resorts stock opened at $13.85 on Wednesday. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The stock’s 50 day moving average is $13.61 and its 200-day moving average is $12.95. 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 company has a market capitalization of $1.31 billion, a price-to-earnings ratio of 21.98 and a beta of 1.71.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.39. The business had revenue of $236.42 million during the quarter, compared to the consensus estimate of $236.16 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.During the same period in the previous year, the company posted $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. Equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Dividend Announcement

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 dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 100.00%.

Xenia Hotels & Resorts Company 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.