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

Principal Financial Group Inc. reduced its stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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.’s holdings in Xenia Hotels & Resorts were worth $7,099,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of XHR. Russell Investments Group Ltd. increased its holdings in Xenia Hotels & Resorts by 54.5% in the 1st quarter. Russell Investments Group Ltd. now owns 137,759 shares of the real estate investment trust’s stock valued at $2,068,000 after acquiring an additional 48,576 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 182.7% in the second quarter. Victory Capital Management Inc. now owns 63,235 shares of the real estate investment trust’s stock worth $906,000 after purchasing an additional 40,868 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in Xenia Hotels & Resorts during the second quarter valued at approximately $2,345,000. Federated Hermes Inc. grew its holdings in 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 in the last quarter. Finally, Mutual of America Capital Management LLC increased its stake in Xenia Hotels & Resorts by 1,602.7% in the 2nd 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 acquiring an additional 290,469 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 0.3 %

XHR stock opened at $14.81 on Wednesday. Xenia Hotels & Resorts, Inc. has a twelve month low of $12.05 and a twelve month high of $15.84. The stock has a market capitalization of $1.51 billion, a price-to-earnings ratio of 64.44 and a beta of 1.51. 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 firm’s fifty day simple moving average is $14.69 and its two-hundred day simple moving average is $14.27.

Xenia Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors 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 yield of 3.24%. Xenia Hotels & Resorts’s payout ratio is 208.70%.

Wall Street Analysts Forecast Growth

XHR has been the subject of a number of recent research reports. Wells Fargo & Company raised shares of 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 report on Friday, September 13th. B. Riley reduced their target price on shares of Xenia Hotels & Resorts from $17.00 to $15.50 and set a “neutral” rating on the stock in a report on Wednesday, August 7th. Finally, StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $16.38.

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.