Hsbc Holdings PLC Has $1.35 Million Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Hsbc Holdings PLC raised its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 14.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,586 shares of the real estate investment trust’s stock after buying an additional 11,922 shares during the quarter. Hsbc Holdings PLC owned about 0.09% of Xenia Hotels & Resorts worth $1,351,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth approximately $25,000. VitalStone Financial LLC raised its stake in shares of Xenia Hotels & Resorts by 54.4% in the fourth quarter. VitalStone Financial LLC now owns 2,482 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 875 shares in the last quarter. EntryPoint Capital LLC acquired a new position in shares of Xenia Hotels & Resorts in the first quarter valued at $135,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts in the first quarter valued at $164,000. Finally, Cornerstone Investment Partners LLC acquired a new position in shares of Xenia Hotels & Resorts in the first quarter valued at $168,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE:XHR opened at $15.05 on Friday. The business’s fifty day moving average price is $13.79 and its two-hundred day moving average price is $14.25. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $10.92 and a fifty-two week high of $15.84. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 79.21 and a beta of 1.51. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.26 and a quick ratio of 2.26.

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

Xenia Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders 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 dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, September 30th. Xenia Hotels & Resorts’s payout ratio is presently 252.63%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on XHR. Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $16.00 to $15.00 in a research note on Friday, September 13th. B. Riley cut their target price on Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research note on Wednesday, August 7th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently 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.