BerganKDV Wealth Management LLC Acquires Shares of 1,981 Xenia Hotels & Resorts, Inc. (NYSE:XHR)

BerganKDV Wealth Management LLC acquired a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) in the second quarter, HoldingsChannel.com reports. The fund acquired 1,981 shares of the real estate investment trust’s stock, valued at approximately $29,000.

Other hedge funds also recently bought and sold shares of the company. Eaton Vance Management boosted its position in shares of Xenia Hotels & Resorts by 5.0% during the 1st quarter. Eaton Vance Management now owns 12,480 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 597 shares during the period. Maryland State Retirement & Pension System boosted its position in shares of Xenia Hotels & Resorts by 1.3% during the 1st quarter. Maryland State Retirement & Pension System now owns 45,798 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 598 shares during the period. Sei Investments Co. boosted its position in Xenia Hotels & Resorts by 2.9% in the 1st quarter. Sei Investments Co. now owns 23,374 shares of the real estate investment trust’s stock valued at $465,000 after buying an additional 666 shares during the period. abrdn plc boosted its position in Xenia Hotels & Resorts by 3.2% in the 1st quarter. abrdn plc now owns 25,280 shares of the real estate investment trust’s stock valued at $493,000 after buying an additional 794 shares during the period. Finally, Mutual of America Capital Management LLC boosted its position in Xenia Hotels & Resorts by 5.5% in the 1st quarter. Mutual of America Capital Management LLC now owns 16,457 shares of the real estate investment trust’s stock valued at $317,000 after buying an additional 854 shares during the period. Institutional investors and hedge funds own 87.89% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Xenia Hotels & Resorts stock opened at $14.52 on Friday. The stock has a market cap of $1.66 billion, a P/E ratio of -69.14 and a beta of 1.47. The company has a fifty day simple moving average of $16.44 and a 200-day simple moving average of $17.25. Xenia Hotels & Resorts, Inc. has a 12-month low of $13.18 and a 12-month high of $20.41. The company has a current ratio of 3.11, a quick ratio of 3.11 and a debt-to-equity ratio of 0.97.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last released its quarterly earnings data on Wednesday, August 3rd. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.15). Xenia Hotels & Resorts had a negative return on equity of 1.57% and a negative net margin of 2.62%. The firm had revenue of $283.45 million for the quarter, compared to analysts’ expectations of $257.47 million. Equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.49 EPS for the current fiscal year.

Xenia Hotels & Resorts Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, September 30th will be paid a dividend of $0.10 per share. The ex-dividend date is Thursday, September 29th. This represents a $0.40 annualized dividend and a yield of 2.75%.

Analysts Set New Price Targets

XHR has been the subject of several recent research reports. Wells Fargo & Company decreased their price target on shares of Xenia Hotels & Resorts from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Monday, August 29th. KeyCorp decreased their price target on shares of Xenia Hotels & Resorts from $21.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $20.33.

Xenia Hotels & Resorts Company Profile

(Get Rating)

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 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 37 hotels comprising 10,749 rooms across 16 states.

See Also

Want to see what other hedge funds are holding XHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating).

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

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