Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Free Report) declared a quarterly dividend on Friday, May 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.14 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, June 30th.
Xenia Hotels & Resorts has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 3 years. Xenia Hotels & Resorts has a payout ratio of 254.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Xenia Hotels & Resorts Stock Up 1.5%
Shares of Xenia Hotels & Resorts stock opened at $20.71 on Friday. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 29.59 and a beta of 1.17. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.05 and a quick ratio of 2.05. Xenia Hotels & Resorts has a 52-week low of $11.75 and a 52-week high of $20.83. The stock has a 50-day simple moving average of $17.60 and a 200-day simple moving average of $15.91.
Insider Buying and Selling at Xenia Hotels & Resorts
In related news, insider Atish Shah sold 120,000 shares of the company’s stock in a transaction on Thursday, May 7th. The shares were sold at an average price of $17.00, for a total transaction of $2,040,000.00. Following the completion of the sale, the insider directly owned 250,805 shares of the company’s stock, valued at approximately $4,263,685. This represents a 32.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.40% of the company’s stock.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of XHR. Bank of America Corp DE lifted its position in Xenia Hotels & Resorts by 65.7% during the 1st quarter. Bank of America Corp DE now owns 761,412 shares of the real estate investment trust’s stock worth $11,292,000 after acquiring an additional 301,793 shares during the last quarter. Quantinno Capital Management LP grew its position in shares of Xenia Hotels & Resorts by 43.1% in the first quarter. Quantinno Capital Management LP now owns 71,268 shares of the real estate investment trust’s stock valued at $1,057,000 after purchasing an additional 21,450 shares during the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at about $1,656,000. Arrowstreet Capital Limited Partnership grew its position in shares of Xenia Hotels & Resorts by 4.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,677,259 shares of the real estate investment trust’s stock valued at $39,704,000 after purchasing an additional 121,052 shares during the last quarter. Finally, Caxton Associates LLP bought a new position in shares of Xenia Hotels & Resorts in the first quarter worth about $227,000. Institutional investors own 92.43% of the company’s stock.
About Xenia Hotels & Resorts
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.
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