Segall Bryant & Hamill LLC bought a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 184,569 shares of the real estate investment trust’s stock, valued at approximately $2,532,000. Segall Bryant & Hamill LLC owned 0.19% of Xenia Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of XHR. Salomon & Ludwin LLC boosted its stake in shares of Xenia Hotels & Resorts by 114.1% in the 3rd quarter. Salomon & Ludwin LLC now owns 2,085 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 1,111 shares during the last quarter. MAI Capital Management lifted its holdings in Xenia Hotels & Resorts by 475.6% in the third quarter. MAI Capital Management now owns 2,026 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 1,674 shares during the period. Hantz Financial Services Inc. boosted its position in Xenia Hotels & Resorts by 38.5% during the third quarter. Hantz Financial Services Inc. now owns 4,023 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 1,119 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Xenia Hotels & Resorts by 79.2% during the second quarter. PNC Financial Services Group Inc. now owns 8,557 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 3,782 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Xenia Hotels & Resorts during the 2nd quarter worth about $118,000. Institutional investors and hedge funds own 92.43% of the company’s stock.
Xenia Hotels & Resorts Stock Performance
Shares of Xenia Hotels & Resorts stock opened at $15.44 on Friday. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.48. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 24.13 and a beta of 1.17. The business has a 50-day simple moving average of $15.14 and a 200 day simple moving average of $14.28. The company has a debt-to-equity ratio of 1.20, a current ratio of 2.67 and a quick ratio of 2.67.
Xenia Hotels & Resorts Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be given a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $0.56 annualized dividend and a yield of 3.6%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 87.50%.
Insider Buying and Selling
In other Xenia Hotels & Resorts news, insider Barry A. N. Bloom sold 151,909 shares of the company’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $15.73, for a total transaction of $2,389,528.57. Following the transaction, the insider owned 15,233 shares in the company, valued at approximately $239,615.09. This represents a 90.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.20% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on XHR. Weiss Ratings reissued a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research note on Monday, December 29th. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “overweight” rating in a report on Monday, December 1st. Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Finally, Robert W. Baird set a $17.00 price objective on shares of Xenia Hotels & Resorts in a research note on Monday, January 12th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Xenia Hotels & Resorts has a consensus rating of “Hold” and an average price target of $14.00.
Read Our Latest Research Report on Xenia Hotels & Resorts
About Xenia Hotels & Resorts
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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