Xenia Hotels & Resorts, Inc. (NYSE:XHR) Shares Bought by Lazard Asset Management LLC

Posted by on Mar 7th, 2023

Lazard Asset Management LLC grew its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 205.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,918 shares of the real estate investment trust’s stock after purchasing an additional 3,310 shares during the period. Lazard Asset Management LLC’s holdings in Xenia Hotels & Resorts were worth $67,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Texas Permanent School Fund lifted its stake in Xenia Hotels & Resorts by 2.1% during the second quarter. Texas Permanent School Fund now owns 82,652 shares of the real estate investment trust’s stock worth $1,201,000 after purchasing an additional 1,683 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in shares of Xenia Hotels & Resorts by 10.7% in the third quarter. Nomura Asset Management Co. Ltd. now owns 114,100 shares of the real estate investment trust’s stock valued at $1,573,000 after acquiring an additional 11,000 shares in the last quarter. Great West Life Assurance Co. Can raised its stake in shares of Xenia Hotels & Resorts by 14.1% in the third quarter. Great West Life Assurance Co. Can now owns 231,633 shares of the real estate investment trust’s stock valued at $3,193,000 after acquiring an additional 28,549 shares in the last quarter. M&T Bank Corp raised its stake in shares of Xenia Hotels & Resorts by 16.4% in the second quarter. M&T Bank Corp now owns 11,896 shares of the real estate investment trust’s stock valued at $173,000 after acquiring an additional 1,678 shares in the last quarter. Finally, Long Pond Capital LP acquired a new stake in shares of Xenia Hotels & Resorts in the second quarter valued at $3,239,000. 87.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on XHR. Morgan Stanley initiated coverage on Xenia Hotels & Resorts in a research note on Monday, December 5th. They issued an “underweight” rating and a $13.00 price objective on the stock. Robert W. Baird cut their price target on Xenia Hotels & Resorts from $20.00 to $18.00 in a research note on Tuesday, December 20th. B. Riley cut their price target on Xenia Hotels & Resorts from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday. Oppenheimer restated a “market perform” rating and issued a $16.00 price target on shares of Xenia Hotels & Resorts in a research note on Monday. Finally, Raymond James cut Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Friday, December 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $17.14.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock opened at $14.41 on Tuesday. The stock’s 50-day moving average is $14.03 and its two-hundred day moving average is $14.83. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 29.41 and a beta of 1.50. Xenia Hotels & Resorts, Inc. has a 1 year low of $12.48 and a 1 year high of $20.36. The company has a debt-to-equity ratio of 0.98, a quick ratio of 3.77 and a current ratio of 3.77.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Shareholders of record on Friday, March 31st will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Thursday, March 30th. Xenia Hotels & Resorts’s payout ratio is 81.63%.

Xenia Hotels & Resorts Company Profile

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Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of 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.

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Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

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