Nuveen LLC Buys Shares of 459,558 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 bought a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 459,558 shares of the real estate investment trust's stock, valued at approximately $5,404,000. Nuveen LLC owned 0.47% of Xenia Hotels & Resorts at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of XHR. GF Fund Management CO. LTD. acquired a new position in Xenia Hotels & Resorts during the 4th quarter valued at about $28,000. Allworth Financial LP boosted its position in shares of Xenia Hotels & Resorts by 231.4% during the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock valued at $30,000 after purchasing an additional 1,798 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at about $47,000. Mackenzie Financial Corp bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $154,000. Finally, Dark Forest Capital Management LP bought a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at about $157,000. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Down 0.0%

Shares of XHR stock traded down $0.01 during trading on Friday, hitting $14.16. 690,934 shares of the company were exchanged, compared to its average volume of 1,019,686. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 22.48 and a beta of 1.72. The business's 50-day simple moving average is $13.09 and its 200 day simple moving average is $12.32. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50.

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 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. The business had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The firm's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $0.52 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts announced that its board has initiated a share buyback plan on Wednesday, May 14th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Analyst Ratings Changes

XHR has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Wednesday. Wall Street Zen downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.50.

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.