BlackRock Inc. Acquires Shares of 17,129,652 Xenia Hotels & Resorts, Inc. $XHR

Key Points

• BlackRock acquired 17.13 million Xenia Hotels & Resorts shares in the second quarter, worth approximately $348.8 million, giving it an 18.57% stake. Institutional investors collectively own 92.43% of the REIT.
• Analysts remain broadly positive, with three Buy ratings and one Hold rating; the average price target is $20.25, while recent targets range from $21 to $22.
• Xenia reported quarterly EPS of $0.61, exceeding the $0.24 consensus estimate, while revenue rose 2.7% year over year to $295.5 million. Shares opened at $19.66, within a 52-week range of $11.75 to $22.06.

BlackRock Inc. bought a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,129,652 shares of the real estate investment trust's stock, valued at approximately $348,760,000. BlackRock Inc. owned 18.57% of Xenia Hotels & Resorts as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Global Retirement Partners LLC acquired a new position in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $26,000. Transamerica Financial Advisors LLC grew its stake in shares of Xenia Hotels & Resorts by 459.8% during the fourth quarter. Transamerica Financial Advisors LLC now owns 1,948 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 1,600 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Xenia Hotels & Resorts in the fourth quarter valued at about $33,000. Mcguire Capital Advisors Inc. bought a new stake in Xenia Hotels & Resorts in the fourth quarter valued at about $55,000. Finally, Hantz Financial Services Inc. lifted its stake in Xenia Hotels & Resorts by 42.4% in the fourth quarter. Hantz Financial Services Inc. now owns 5,730 shares of the real estate investment trust's stock valued at $81,000 after buying an additional 1,707 shares during the period. Institutional investors own 92.43% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. KeyCorp raised their target price on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, June 11th. BMO Capital Markets reiterated an "outperform" rating and issued a $21.00 price target on shares of Xenia Hotels & Resorts in a research report on Friday, June 12th. Wells Fargo & Company increased their price target on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Finally, Weiss Ratings lowered shares of Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a research note on Thursday, August 13th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.25.

Xenia Hotels & Resorts Stock Up 0.0%

Shares of Xenia Hotels & Resorts stock opened at $19.66 on Wednesday. The company has a market capitalization of $1.81 billion, a P/E ratio of -280.85 and a beta of 1.15. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.47 and a quick ratio of 2.47. The business has a 50-day moving average of $20.18 and a two-hundred day moving average of $17.53. Xenia Hotels & Resorts, Inc. has a 1 year low of $11.75 and a 1 year high of $22.06.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data 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. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%.The business had revenue of $295.49 million for the quarter, compared to analysts' expectations of $302.39 million. During the same quarter in the previous year, the business posted $0.57 EPS. Xenia Hotels & Resorts's revenue for the quarter was up 2.7% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. As a group, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current year.

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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