Federated Hermes Inc. Increases Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Federated Hermes Inc. raised its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 179,814.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 350,833 shares of the real estate investment trust’s stock after acquiring an additional 350,638 shares during the period. Federated Hermes Inc. owned approximately 0.34% of Xenia Hotels & Resorts worth $5,027,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Diversified Trust Co raised its stake in shares of Xenia Hotels & Resorts by 2.5% during the 1st quarter. Diversified Trust Co now owns 30,393 shares of the real estate investment trust’s stock valued at $456,000 after buying an additional 730 shares during the last quarter. VitalStone Financial LLC grew its holdings in Xenia Hotels & Resorts by 54.4% during the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 875 shares during the period. ProShare Advisors LLC raised its position in Xenia Hotels & Resorts by 5.7% during the first quarter. ProShare Advisors LLC now owns 21,284 shares of the real estate investment trust’s stock valued at $319,000 after acquiring an additional 1,143 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in Xenia Hotels & Resorts by 5.1% in the first quarter. Daiwa Securities Group Inc. now owns 34,200 shares of the real estate investment trust’s stock valued at $513,000 after acquiring an additional 1,672 shares during the period. Finally, Commonwealth Equity Services LLC boosted its position in Xenia Hotels & Resorts by 0.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 195,455 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 1,699 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $14.23 on Thursday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.26 and a current ratio of 2.26. The stock has a market capitalization of $1.45 billion, a PE ratio of 74.89 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $15.84. The company has a fifty day moving average of $13.70 and a two-hundred day moving average of $14.26.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.15 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.30). Xenia Hotels & Resorts had a net margin of 2.24% and a return on equity of 1.72%. The company had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $275.66 million. During the same period in the prior year, the business posted $0.47 earnings per share. The company’s quarterly revenue was up .7% compared to the same quarter last year. As a group, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.54 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 3.37%. The ex-dividend date is Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is 252.63%.

Analyst Ratings Changes

XHR has been the subject of several recent research reports. Wells Fargo & Company raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $16.00 to $15.00 in a report on Friday, September 13th. B. Riley cut their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $15.30.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests in uniquely positioned luxury and upper upscale hotels and resorts with a focus on the top 25 lodging markets as well as key leisure destinations in the United States. The Company owns 32 hotels and resorts comprising 9,511 rooms across 14 states.