Algert Global LLC purchased a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 960,717 shares of the real estate investment trust's stock, valued at approximately $19,560,000. Algert Global LLC owned 1.04% of Xenia Hotels & Resorts as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Xenia Hotels & Resorts in the 2nd quarter worth about $348,760,000. Wellington Management Group LLP grew its position in shares of Xenia Hotels & Resorts by 3.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,044,142 shares of the real estate investment trust's stock worth $124,086,000 after purchasing an additional 273,876 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in shares of Xenia Hotels & Resorts by 30.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust's stock worth $37,104,000 after purchasing an additional 633,820 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,345,600 shares of the real estate investment trust's stock worth $33,167,000 after purchasing an additional 49,979 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Xenia Hotels & Resorts by 2.4% during the third quarter. Dimensional Fund Advisors LP now owns 1,374,459 shares of the real estate investment trust's stock worth $18,859,000 after purchasing an additional 32,635 shares during the period. 92.43% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
XHR has been the subject of several analyst reports. BMO Capital Markets reaffirmed an "outperform" rating and issued a $21.00 price objective on shares of Xenia Hotels & Resorts in a report on Friday, June 12th. Wells Fargo & Company increased their target price on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. KeyCorp raised their price target on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the stock an "overweight" rating in a research report on Thursday, June 11th. Finally, Weiss Ratings downgraded Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a research note on Thursday, August 13th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $20.25.
Read Our Latest Analysis on Xenia Hotels & Resorts
Xenia Hotels & Resorts Stock Performance
NYSE:XHR opened at $19.65 on Tuesday. The stock's 50-day simple moving average is $20.18 and its 200 day simple moving average is $17.50. The firm has a market capitalization of $1.81 billion, a PE ratio of -280.65 and a beta of 1.15. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.17. Xenia Hotels & Resorts, Inc. has a twelve month low of $11.75 and a twelve month high of $22.06.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its earnings results on Thursday, July 30th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.24 by $0.37. The firm 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%.The business's quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.57 earnings per share. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. On average, analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current fiscal year.
Xenia Hotels & Resorts Company Profile
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Free Report)
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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