Amundi Acquires 349,783 Shares of Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Amundi increased its Xenia Hotels & Resorts stake by 501.2% in the second quarter, acquiring 349,783 shares and bringing its holdings to 419,570 shares valued at approximately $8.5 million.
• Institutional ownership remains high at 92.43%, with BlackRock, California State Teachers Retirement System, Wellington Management and Arrowstreet Capital among investors increasing their positions.
• Analyst sentiment is moderately positive: Xenia has an average “Moderate Buy” rating and a $20.12 price target, while shares recently opened at $17.61. The company also exceeded quarterly EPS expectations, reporting $0.61 versus the $0.24 consensus estimate.

Amundi raised its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 501.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 419,570 shares of the real estate investment trust's stock after acquiring an additional 349,783 shares during the period. Amundi owned about 0.45% of Xenia Hotels & Resorts worth $8,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new stake in shares of Xenia Hotels & Resorts during the second quarter worth $348,760,000. Wellington Management Group LLP raised its stake in shares of Xenia Hotels & Resorts by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,044,142 shares of the real estate investment trust's stock valued at $124,086,000 after purchasing an additional 273,876 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Xenia Hotels & Resorts by 30.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust's stock valued at $37,104,000 after purchasing an additional 633,820 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Xenia Hotels & Resorts by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,345,600 shares of the real estate investment trust's stock valued at $33,167,000 after purchasing an additional 49,979 shares in the last quarter. Finally, California State Teachers Retirement System lifted its holdings in shares of Xenia Hotels & Resorts by 2,181.0% in the second quarter. California State Teachers Retirement System now owns 2,121,410 shares of the real estate investment trust's stock valued at $43,192,000 after purchasing an additional 2,028,408 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on XHR shares. Wells Fargo & Company raised their price target on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. BMO Capital Markets lowered shares of Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and cut their price objective for the stock from $22.00 to $20.50 in a research report on Tuesday, September 1st. Weiss Ratings cut shares of Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a report on Thursday, August 13th. Finally, KeyCorp increased their target price on shares of Xenia Hotels & Resorts from $16.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, June 11th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Xenia Hotels & Resorts currently has an average rating of "Moderate Buy" and an average target price of $20.12.

Xenia Hotels & Resorts Stock Up 0.0%

XHR stock opened at $17.61 on Friday. The company has a market cap of $1.62 billion, a price-to-earnings ratio of -251.49 and a beta of 1.14. Xenia Hotels & Resorts, Inc. has a twelve month low of $11.75 and a twelve month high of $22.06. The business has a 50 day moving average price of $19.69 and a two-hundred day moving average price of $17.75. 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 (NYSE:XHR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.37. The company had revenue of $295.49 million for the quarter, compared to analysts' expectations 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 revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. Analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current fiscal year.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc NYSE: XHR is a self-advised real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on properties located in major lodging markets and high-demand destination areas.

Xenia's properties operate under a variety of leading hospitality brands, including Marriott, Hyatt, Hilton and Kimpton, as well as independent and lifestyle hotel brands. Its business activities include owning hotel real estate and working with hotel operators to provide lodging, food and beverage, meeting, event and other hospitality services.

The company was established in 2014 through a separation from Inland American Real Estate Trust and has been publicly traded on the New York Stock Exchange since that time.

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