Principal Financial Group Inc. Sells 22,299 Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Principal Financial Group Inc. lessened its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 480,620 shares of the real estate investment trust’s stock after selling 22,299 shares during the quarter. Principal Financial Group Inc. owned approximately 0.47% of Xenia Hotels & Resorts worth $7,099,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in Xenia Hotels & Resorts by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust’s stock valued at $39,135,000 after purchasing an additional 60,323 shares during the period. Barclays PLC increased its position in shares of Xenia Hotels & Resorts by 295.7% during the third quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust’s stock valued at $2,555,000 after buying an additional 129,328 shares during the period. Victory Capital Management Inc. increased its position in shares of Xenia Hotels & Resorts by 182.7% during the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock valued at $906,000 after buying an additional 40,868 shares during the period. Charles Schwab Investment Management Inc. raised its stake in Xenia Hotels & Resorts by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock worth $34,443,000 after buying an additional 59,212 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in Xenia Hotels & Resorts in the second quarter worth about $2,345,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on XHR. Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Monday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and an average price target of $17.13.

Xenia Hotels & Resorts Stock Performance

Shares of XHR opened at $14.86 on Wednesday. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a market cap of $1.51 billion, a P/E ratio of 64.61 and a beta of 1.52. The business’s 50 day moving average price is $15.22 and its 200-day moving average price is $14.49. Xenia Hotels & Resorts, Inc. has a 52 week low of $12.34 and a 52 week high of $16.50.

Xenia Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.12 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.48 annualized dividend and a dividend yield of 3.23%. Xenia Hotels & Resorts’s payout ratio is presently 208.70%.

Xenia Hotels & Resorts 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.