Bank of America Corp DE Makes New $4.89 Million Investment in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Bank of America initiated a $4.89 million position in Xenia Hotels & Resorts, buying 240,344 shares, while institutional investors collectively own 92.43% of the REIT.
• Analyst sentiment is moderately positive: Xenia has a consensus “Moderate Buy” rating and an average price target of $20.12, despite mixed recent rating and target-price changes.
• Xenia reported quarterly EPS of $0.61, surpassing the $0.24 estimate, while revenue rose 2.7% year over year to $295.49 million. The company also declared a quarterly dividend of $0.14 per share, yielding approximately 3% annually.

Bank of America Corp DE purchased a new position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 240,344 shares of the real estate investment trust's stock, valued at approximately $4,893,000. Bank of America Corp DE owned about 0.26% of Xenia Hotels & Resorts as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XHR. Great Lakes Advisors LLC purchased a new position in shares of Xenia Hotels & Resorts in the second quarter worth $1,599,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at $1,636,000. Jupiter Topco LLC purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at $3,717,000. Principal Financial Group Inc. boosted its position in Xenia Hotels & Resorts by 26.6% during the 1st quarter. Principal Financial Group Inc. now owns 572,164 shares of the real estate investment trust's stock valued at $8,485,000 after buying an additional 120,077 shares during the period. Finally, Deutsche Bank AG bought a new stake in Xenia Hotels & Resorts in the 2nd quarter worth $2,900,000. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Xenia Hotels & Resorts Stock Up 1.2%

Shares of NYSE XHR opened at $18.39 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.17. Xenia Hotels & Resorts, Inc. has a 12 month low of $11.75 and a 12 month high of $22.06. The firm has a market capitalization of $1.70 billion, a PE ratio of -262.73 and a beta of 1.14. The firm has a fifty day simple moving average of $19.12 and a two-hundred day simple moving average of $17.96.

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

Xenia Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Xenia Hotels & Resorts's payout ratio is presently -800.00%.

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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