Principal Financial Group Inc. Decreases Stock Holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Principal Financial Group Inc. decreased its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 480,620 shares of the real estate investment trust’s stock after selling 22,299 shares during the period. Principal Financial Group Inc. owned about 0.47% of Xenia Hotels & Resorts worth $7,099,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in XHR. Federated Hermes Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 179,814.4% during the 2nd quarter. Federated Hermes Inc. now owns 350,833 shares of the real estate investment trust’s stock valued at $5,027,000 after buying an additional 350,638 shares during the period. SG Americas Securities LLC purchased a new position in Xenia Hotels & Resorts in the third quarter worth about $4,504,000. Mutual of America Capital Management LLC boosted its position in Xenia Hotels & Resorts by 1,602.7% in the second quarter. Mutual of America Capital Management LLC now owns 308,593 shares of the real estate investment trust’s stock worth $4,422,000 after purchasing an additional 290,469 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at about $2,345,000. Finally, Panagora Asset Management Inc. grew its stake in shares of Xenia Hotels & Resorts by 27.4% during the 2nd quarter. Panagora Asset Management Inc. now owns 676,160 shares of the real estate investment trust’s stock valued at $9,689,000 after purchasing an additional 145,527 shares during the period. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Shares of NYSE:XHR opened at $14.81 on Wednesday. The company has a market capitalization of $1.51 billion, a P/E ratio of 64.44 and a beta of 1.51. Xenia Hotels & Resorts, Inc. has a 1-year low of $12.05 and a 1-year high of $15.84. The firm’s 50 day simple moving average is $14.69 and its two-hundred day simple moving average is $14.27. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date of this dividend is Tuesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 208.70%.

Wall Street Analysts Forecast Growth

XHR has been the subject of several recent research reports. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. B. Riley cut their price objective on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating for the company in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company upgraded Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price objective for the stock from $16.00 to $15.00 in a research note on Friday, September 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.38.

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.