Alyeska Investment Group L.P. Sells 24,998 Shares of Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Alyeska Investment Group L.P. has reduced its stake in Xenia Hotels & Resorts by 1.5%, now owning approximately 1.65% of the company, worth about $19.2 million after selling 24,998 shares.
• Xenia Hotels & Resorts reported EPS of $0.57 for the last quarter, beating analysts' expectations and showing a revenue increase of 5.4% year-over-year.
• The company has initiated a $100 million stock repurchase plan, signaling the board's belief that the stock is undervalued.

Alyeska Investment Group L.P. cut its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,630,367 shares of the real estate investment trust's stock after selling 24,998 shares during the period. Alyeska Investment Group L.P. owned approximately 1.65% of Xenia Hotels & Resorts worth $19,173,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Xenia Hotels & Resorts by 1,207.7% in 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 purchasing an additional 600,294 shares in the last quarter. Royal Bank of Canada raised its stake in Xenia Hotels & Resorts by 18.9% in the first quarter. Royal Bank of Canada now owns 31,100 shares of the real estate investment trust's stock valued at $366,000 after buying an additional 4,950 shares during the period. DRW Securities LLC bought a new stake in Xenia Hotels & Resorts in the first quarter valued at approximately $199,000. Cramer Rosenthal Mcglynn LLC raised its stake in Xenia Hotels & Resorts by 3.9% in the first 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 buying an additional 37,662 shares during the period. Finally, Martingale Asset Management L P grew its position in shares of Xenia Hotels & Resorts by 11.8% in the first quarter. Martingale Asset Management L P now owns 211,682 shares of the real estate investment trust's stock valued at $2,489,000 after purchasing an additional 22,288 shares during the last quarter. 92.43% of the stock is currently owned by institutional investors.

Xenia Hotels & Resorts Stock Up 0.1%

XHR stock traded up $0.02 during mid-day trading on Wednesday, reaching $14.36. 81,380 shares of the company traded hands, compared to its average volume of 955,106. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 22.79 and a beta of 1.72. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm's 50 day moving average price is $13.32 and its 200 day moving average price is $12.33.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. The business had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, equities research analysts predict 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 share repurchase program on Wednesday, May 14th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to buy up to 8.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on XHR. Wells Fargo & Company increased their price target on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Finally, BMO Capital Markets increased their price target on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently 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.