PNC Financial Services Group Inc. Has $108,000 Stock Position in Xenia Hotels & Resorts, Inc. $XHR

PNC Financial Services Group Inc. lifted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 79.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,557 shares of the real estate investment trust’s stock after buying an additional 3,782 shares during the period. PNC Financial Services Group Inc.’s holdings in Xenia Hotels & Resorts were worth $108,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. GSA Capital Partners LLP bought a new position in shares of Xenia Hotels & Resorts during the first quarter valued at $789,000. Allspring Global Investments Holdings LLC increased its position in shares of Xenia Hotels & Resorts by 54.2% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 494,924 shares of the real estate investment trust’s stock worth $6,439,000 after purchasing an additional 173,945 shares in the last quarter. American Century Companies Inc. lifted its holdings in Xenia Hotels & Resorts by 235.7% during the 1st quarter. American Century Companies Inc. now owns 106,137 shares of the real estate investment trust’s stock valued at $1,248,000 after purchasing an additional 74,525 shares during the last quarter. Voya Investment Management LLC lifted its holdings in Xenia Hotels & Resorts by 96.1% during the 1st quarter. Voya Investment Management LLC now owns 79,098 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 38,754 shares during the last quarter. Finally, Nuveen LLC acquired a new position in Xenia Hotels & Resorts in the first quarter valued at about $5,404,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $13.98 on Friday. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market cap of $1.33 billion, a P/E ratio of 22.19 and a beta of 1.71. The firm has a 50 day simple moving average of $13.42 and a 200 day simple moving average of $13.16. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.39. The firm had revenue of $236.42 million for the quarter, compared to the consensus estimate of $236.16 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.During the same quarter in the prior year, the business earned $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. Sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 100.00%.

Analysts Set New Price Targets

Several analysts have recently weighed in on XHR shares. BMO Capital Markets raised their price objective on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “outperform” rating in a report on Tuesday, September 2nd. Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Sunday, November 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Tuesday. Finally, Wells Fargo & Company upgraded Xenia Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and an average target price of $13.20.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the provision of investment in 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.