Louisiana State Employees Retirement System bought a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 42,000 shares of the real estate investment trust’s stock, valued at approximately $623,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XHR. CWA Asset Management Group LLC bought a new position in Xenia Hotels & Resorts in the 4th quarter worth $1,175,000. JPMorgan Chase & Co. increased its position in shares of Xenia Hotels & Resorts by 3.6% during the third quarter. JPMorgan Chase & Co. now owns 2,276,448 shares of the real estate investment trust’s stock valued at $31,233,000 after buying an additional 79,685 shares during the period. M&T Bank Corp purchased a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $4,196,000. LSV Asset Management raised its stake in Xenia Hotels & Resorts by 99.4% in the fourth quarter. LSV Asset Management now owns 1,065,627 shares of the real estate investment trust’s stock worth $15,068,000 after buying an additional 531,127 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC bought a new position in Xenia Hotels & Resorts in the third quarter worth about $1,373,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.
Xenia Hotels & Resorts Stock Performance
Shares of Xenia Hotels & Resorts stock opened at $20.24 on Wednesday. Xenia Hotels & Resorts, Inc. has a 1 year low of $11.75 and a 1 year high of $20.83. The firm’s 50-day moving average is $18.18 and its 200 day moving average is $16.20. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 28.92 and a beta of 1.14. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.05 and a quick ratio of 2.05.
Xenia Hotels & Resorts Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Tuesday, June 30th. Xenia Hotels & Resorts’s payout ratio is presently 80.00%.
Insider Transactions at Xenia Hotels & Resorts
In related news, insider Atish Shah sold 120,000 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $17.00, for a total value of $2,040,000.00. Following the transaction, the insider directly owned 250,805 shares of the company’s stock, valued at approximately $4,263,685. This represents a 32.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 4.40% of the company’s stock.
Analysts Set New Price Targets
Several analysts have weighed in on XHR shares. Wells Fargo & Company lifted their price objective on Xenia Hotels & Resorts from $16.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, June 1st. KeyCorp raised their target price on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Weiss Ratings lowered Xenia Hotels & Resorts from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, June 23rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $21.00 price target on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.25.
Check Out Our Latest Stock Analysis on Xenia Hotels & Resorts
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.
Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.
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