683 Capital Management LLC Has $10.47 Million Stock Holdings in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• 683 Capital Management LLC has reduced its stake in Xenia Hotels & Resorts by 11.2%, selling 111,990 shares and now holding 890,000 shares overall.
• Several institutional investors have shifted their investments in Xenia Hotels & Resorts, with Victory Capital Management increasing its stake by an impressive 223.7%.
• Xenia Hotels & Resorts recently reported earnings per share of $0.57 for the last quarter, surpassing analysts' expectations of $0.43, while setting a FY 2025 guidance of 1.660-1.800 EPS.

683 Capital Management LLC cut its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 11.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 890,000 shares of the real estate investment trust's stock after selling 111,990 shares during the quarter. Xenia Hotels & Resorts accounts for 0.7% of 683 Capital Management LLC's portfolio, making the stock its 29th largest position. 683 Capital Management LLC owned about 0.90% of Xenia Hotels & Resorts worth $10,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Adage Capital Partners GP L.L.C. boosted its stake in Xenia Hotels & Resorts by 1,207.7% during the first quarter. Adage Capital Partners GP L.L.C. now owns 650,000 shares of the real estate investment trust's stock valued at $7,644,000 after buying an additional 600,294 shares in the last quarter. Royal Bank of Canada lifted its holdings in Xenia Hotels & Resorts by 18.9% in the 1st quarter. Royal Bank of Canada now owns 31,100 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 4,950 shares during the last quarter. DRW Securities LLC bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $199,000. Cramer Rosenthal Mcglynn LLC boosted its position in shares of Xenia Hotels & Resorts by 3.9% during the 1st quarter. Cramer Rosenthal Mcglynn LLC now owns 1,013,394 shares of the real estate investment trust's stock valued at $11,918,000 after purchasing an additional 37,662 shares in the last quarter. Finally, Martingale Asset Management L P grew its stake in shares of Xenia Hotels & Resorts by 11.8% in the 1st quarter. Martingale Asset Management L P now owns 211,682 shares of the real estate investment trust's stock worth $2,489,000 after purchasing an additional 22,288 shares during the last quarter. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Down 1.7%

Shares of XHR stock traded down $0.26 during trading on Friday, hitting $14.38. 734,613 shares of the company were exchanged, compared to its average volume of 901,864. 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 $1.38 billion, a price-to-earnings ratio of 22.83 and a beta of 1.72. The business's 50-day simple moving average is $13.26 and its 200 day simple moving average is $12.34. 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 approved a stock repurchase program on Wednesday, May 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. BMO Capital Markets increased their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday. Wells Fargo & Company raised their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Finally, Wall Street Zen cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $13.20.

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.