Corebridge Financial Inc. Sells 4,245 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Corebridge Financial Inc. lowered its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 7.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 54,281 shares of the real estate investment trust’s stock after selling 4,245 shares during the period. Corebridge Financial Inc. owned about 0.05% of Xenia Hotels & Resorts worth $807,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Xenia Hotels & Resorts by 370.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock worth $10,619,000 after purchasing an additional 566,144 shares during the period. Wellington Management Group LLP lifted its holdings in Xenia Hotels & Resorts by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after buying an additional 465,141 shares during the period. Barclays PLC grew its position in shares of Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock worth $2,555,000 after buying an additional 129,328 shares during the last quarter. State Street Corp increased its stake in shares of Xenia Hotels & Resorts by 1.8% during the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock valued at $91,597,000 after buying an additional 108,798 shares during the period. Finally, Sei Investments Co. bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $1,270,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Down 6.8 %

Shares of XHR stock opened at $9.82 on Friday. Xenia Hotels & Resorts, Inc. has a 12 month low of $9.64 and a 12 month high of $16.50. The company has a 50 day simple moving average of $13.42 and a two-hundred day simple moving average of $14.48. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market cap of $994.78 million, a P/E ratio of 42.68 and a beta of 1.38.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 EPS. On average, research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.14 per share. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.71%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on XHR. KeyCorp decreased their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research note on Monday, March 24th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday. Jefferies Financial Group raised their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Xenia Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $17.13.

Xenia Hotels & Resorts Profile

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.