Xenia Hotels & Resorts, Inc. (NYSE:XHR) Stock Position Lowered by Nisa Investment Advisors LLC

Posted by Defense World Staff on Apr 29th, 2023

Nisa Investment Advisors LLC lessened its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 50,080 shares of the real estate investment trust’s stock after selling 2,913 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Xenia Hotels & Resorts were worth $660,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. lifted its position in shares of Xenia Hotels & Resorts by 2.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,789,858 shares of the real estate investment trust’s stock valued at $272,901,000 after acquiring an additional 426,724 shares in the last quarter. State Street Corp lifted its position in Xenia Hotels & Resorts by 0.3% in the 2nd quarter. State Street Corp now owns 7,321,885 shares of the real estate investment trust’s stock worth $106,387,000 after buying an additional 18,499 shares in the last quarter. Centersquare Investment Management LLC lifted its position in Xenia Hotels & Resorts by 3.7% in the 3rd quarter. Centersquare Investment Management LLC now owns 7,023,303 shares of the real estate investment trust’s stock worth $96,852,000 after buying an additional 248,723 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in Xenia Hotels & Resorts by 3.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,014,961 shares of the real estate investment trust’s stock worth $38,869,000 after buying an additional 67,346 shares in the last quarter. Finally, Nuveen Asset Management LLC lifted its position in Xenia Hotels & Resorts by 7.9% in the 3rd quarter. Nuveen Asset Management LLC now owns 1,761,046 shares of the real estate investment trust’s stock worth $24,285,000 after buying an additional 128,558 shares in the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR opened at $12.66 on Friday. Xenia Hotels & Resorts, Inc. has a 1 year low of $11.74 and a 1 year high of $19.99. The firm’s fifty day simple moving average is $13.20 and its 200 day simple moving average is $14.10. The company has a current ratio of 3.77, a quick ratio of 3.77 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $1.41 billion, a PE ratio of 25.84 and a beta of 1.49.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 14th. Investors of record on Friday, March 31st were paid a $0.10 dividend. The ex-dividend date was Thursday, March 30th. This represents a $0.40 dividend on an annualized basis and a yield of 3.16%. Xenia Hotels & Resorts’s payout ratio is presently 81.63%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on XHR shares. StockNews.com started coverage on shares of Xenia Hotels & Resorts in a research report on Friday, March 17th. They issued a “hold” rating for the company. Morgan Stanley cut their target price on shares of Xenia Hotels & Resorts from $13.00 to $12.00 and set an “underweight” rating for the company in a research report on Thursday, March 30th. B. Riley cut their target price on shares of Xenia Hotels & Resorts from $20.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 6th. Oppenheimer reiterated a “market perform” rating and issued a $16.00 target price on shares of Xenia Hotels & Resorts in a research report on Monday, March 6th. Finally, Wells Fargo & Company lowered shares of Xenia Hotels & Resorts from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $18.00 to $13.00 in a research note on Thursday, March 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of “Hold” and an average target price of $16.00.

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.