Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Acquired by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC increased its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1,602.7% in the second quarter, HoldingsChannel reports. The firm owned 308,593 shares of the real estate investment trust’s stock after acquiring an additional 290,469 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $4,422,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Evoke Wealth LLC acquired a new stake in Xenia Hotels & Resorts during the 4th quarter valued at approximately $1,047,000. Russell Investments Group Ltd. lifted its position in Xenia Hotels & Resorts by 54.5% during the first quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock valued at $2,068,000 after purchasing an additional 48,576 shares during the period. Wellington Management Group LLP boosted its holdings in Xenia Hotels & Resorts by 2.8% in the fourth quarter. Wellington Management Group LLP now owns 10,137,079 shares of the real estate investment trust’s stock valued at $138,067,000 after purchasing an additional 278,686 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Xenia Hotels & Resorts during the 2nd quarter worth about $2,345,000. Finally, Federated Hermes Inc. raised its stake in shares of Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after buying an additional 350,638 shares during the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Shares of Xenia Hotels & Resorts stock opened at $15.16 on Friday. The firm has a market cap of $1.55 billion, a PE ratio of 79.79 and a beta of 1.51. The business has a 50-day moving average price of $13.74 and a 200 day moving average price of $14.26. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 1.06. Xenia Hotels & Resorts, Inc. has a twelve month low of $10.92 and a twelve month high of $15.84.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.15 EPS 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 business had revenue of $272.90 million during the quarter, compared to analysts’ expectations of $275.66 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s quarterly revenue was up .7% compared to the same quarter last year. Sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.54 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 3.17%. The ex-dividend date is Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is 252.63%.

Wall Street Analyst Weigh In

XHR has been the topic of a number of recent research reports. B. Riley lowered their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a research note on Wednesday, August 7th. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a research report on Friday, September 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts has an average rating of “Hold” and an average price target of $15.30.

Xenia Hotels & Resorts Company Profile

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.