Nuveen LLC Acquires New Holdings in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Nuveen LLC acquired 459,558 shares of Xenia Hotels & Resorts, valued at approximately $5.4 million, in the first quarter of 2023, increasing its ownership to 0.47% of the company.
• Wells Fargo & Company has raised its price target for Xenia Hotels & Resorts from $12.00 to $14.00 while maintaining an "overweight" rating, although the stock has a consensus rating of "Hold" from analysts.
• Xenia Hotels & Resorts reported earnings that exceeded expectations, with a 1-year revenue increase of 5.4% year-over-year and an EPS guidance of 1.660-1.800 for FY 2025.

Nuveen LLC acquired a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 459,558 shares of the real estate investment trust's stock, valued at approximately $5,404,000. Nuveen LLC owned approximately 0.47% of Xenia Hotels & Resorts as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. GF Fund Management CO. LTD. bought a new stake in Xenia Hotels & Resorts during the fourth quarter worth approximately $28,000. Allworth Financial LP boosted its holdings in shares of Xenia Hotels & Resorts by 231.4% in the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock worth $30,000 after purchasing an additional 1,798 shares during the period. Lazard Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $47,000. Dark Forest Capital Management LP purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $157,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $175,000. Institutional investors own 92.43% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on XHR. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday. Wall Street Zen cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $12.50.

Xenia Hotels & Resorts Trading Down 0.0%

NYSE XHR traded down $0.01 during trading on Friday, hitting $14.16. The stock had a trading volume of 690,934 shares, compared to its average volume of 957,512. The stock has a 50 day simple moving average of $13.05 and a 200 day simple moving average of $12.35. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.48 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The firm had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. During the same quarter in the previous year, the firm posted $0.52 earnings per share. The company's revenue was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. Sell-side analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

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.