Principal Financial Group Inc. Acquires 120,077 Shares of Xenia Hotels & Resorts, Inc. $XHR

Principal Financial Group Inc. grew its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 26.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 572,164 shares of the real estate investment trust’s stock after acquiring an additional 120,077 shares during the quarter. Principal Financial Group Inc.’s holdings in Xenia Hotels & Resorts were worth $8,485,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wellington Management Group LLP boosted its holdings in shares of Xenia Hotels & Resorts by 3.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,044,142 shares of the real estate investment trust’s stock valued at $124,086,000 after acquiring an additional 273,876 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Xenia Hotels & Resorts by 30.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust’s stock worth $37,104,000 after purchasing an additional 633,820 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Xenia Hotels & Resorts by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,345,600 shares of the real estate investment trust’s stock worth $33,167,000 after purchasing an additional 49,979 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Xenia Hotels & Resorts by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,374,459 shares of the real estate investment trust’s stock valued at $18,859,000 after buying an additional 32,635 shares during the period. Finally, Millennium Management LLC boosted its holdings in Xenia Hotels & Resorts by 15.2% in the fourth quarter. Millennium Management LLC now owns 1,134,615 shares of the real estate investment trust’s stock valued at $16,043,000 after acquiring an additional 149,869 shares during the last quarter. Institutional investors own 92.43% of the company’s stock.

Insiders Place Their Bets

In other Xenia Hotels & Resorts news, insider Atish Shah sold 120,000 shares of the stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $17.00, for a total transaction of $2,040,000.00. Following the sale, the insider owned 250,805 shares in the company, valued at $4,263,685. This represents a 32.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 4.40% of the company’s stock.

Analysts Set New Price Targets

XHR has been the topic of several recent analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $21.00 target price on shares of Xenia Hotels & Resorts in a report on Friday, June 12th. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday. KeyCorp upped their price target on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the stock an “overweight” rating in a research note on Thursday, June 11th. Finally, Weiss Ratings upgraded Xenia Hotels & Resorts from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, July 13th. One analyst has rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of “Buy” and an average price target of $20.25.

Xenia Hotels & Resorts Price Performance

Xenia Hotels & Resorts stock opened at $21.49 on Monday. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.14. The stock has a market cap of $1.98 billion, a P/E ratio of 30.70 and a beta of 1.14. The company’s 50 day moving average price is $19.29 and its two-hundred day moving average price is $16.76. Xenia Hotels & Resorts, Inc. has a 52 week low of $11.75 and a 52 week high of $21.66.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Friday, May 1st. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.03. The company had revenue of $295.41 million for the quarter, compared to analysts’ expectations of $291.33 million. Xenia Hotels & Resorts had a return on equity of 5.53% and a net margin of 6.20%.The business’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.51 EPS. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.860-2.020 EPS. On average, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.81 earnings per share for the current year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.14 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 2.6%. Xenia Hotels & Resorts’s payout ratio is 80.00%.

Xenia Hotels & Resorts Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company’s portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.