775,404 Shares in Xenia Hotels & Resorts, Inc. $XHR Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp acquired a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 775,404 shares of the real estate investment trust's stock, valued at approximately $15,787,000. Bank of New York Mellon Corp owned about 0.84% of Xenia Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State of Wyoming purchased a new stake in shares of Xenia Hotels & Resorts in the second quarter valued at about $342,000. GSA Capital Partners LLP purchased a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at approximately $376,000. Summit Global Investments acquired a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter worth approximately $1,034,000. Bank of America Corp DE raised its position in shares of 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 valued at $11,292,000 after buying an additional 301,793 shares during the period. Finally, Quantinno Capital Management LP lifted its holdings in 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 acquiring an additional 21,450 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Price Performance

XHR opened at $18.75 on Tuesday. The stock's 50-day moving average price is $20.12 and its 200 day moving average price is $17.63. Xenia Hotels & Resorts, Inc. has a 12-month low of $11.75 and a 12-month high of $22.06. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.17. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of -267.82 and a beta of 1.15.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its earnings results on Thursday, July 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.37. The company had revenue of $295.49 million during the quarter, compared to the consensus estimate of $302.39 million. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%.Xenia Hotels & Resorts's revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 EPS. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. As a group, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on XHR. KeyCorp raised their target price 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. Wells Fargo & Company raised their price objective on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Thursday, July 23rd. Weiss Ratings lowered shares of Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a report on Thursday, August 13th. Finally, BMO Capital Markets reaffirmed an "outperform" rating and set a $21.00 target price on shares of Xenia Hotels & Resorts in a research note on Friday, June 12th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

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.

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