Goldman Sachs Group Inc. Reduces Stock Position in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Goldman Sachs Group Inc. has reduced its holdings in Xenia Hotels & Resorts by 20.5%, now owning 495,839 shares worth approximately $5.83 million.
• Other institutional investors have shown varying levels of interest, with Allspring Global Investments increasing its stake by 39.2% and Victory Capital Management by 223.7% during the same quarter.
• Xenia Hotels & Resorts announced a quarterly dividend of $0.14 per share, representing a yield of 3.8%, to be paid on October 15th.

Goldman Sachs Group Inc. reduced its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 20.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 495,839 shares of the real estate investment trust's stock after selling 128,190 shares during the quarter. Goldman Sachs Group Inc. owned about 0.50% of Xenia Hotels & Resorts worth $5,831,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of XHR. Allspring Global Investments Holdings LLC lifted its stake in Xenia Hotels & Resorts by 39.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 320,979 shares of the real estate investment trust's stock worth $3,775,000 after purchasing an additional 90,405 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Xenia Hotels & Resorts in the 1st quarter worth approximately $789,000. Victory Capital Management Inc. lifted its stake in Xenia Hotels & Resorts by 223.7% in the 1st quarter. Victory Capital Management Inc. now owns 337,051 shares of the real estate investment trust's stock worth $3,964,000 after purchasing an additional 232,918 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new stake in Xenia Hotels & Resorts in the 1st quarter worth approximately $214,000. Finally, American Century Companies Inc. lifted its stake in Xenia Hotels & Resorts by 235.7% in the 1st quarter. American Century Companies Inc. now owns 106,137 shares of the real estate investment trust's stock worth $1,248,000 after purchasing an additional 74,525 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Trading Up 0.3%

Shares of XHR opened at $14.77 on Tuesday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 23.44 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. The firm has a fifty day simple moving average of $13.45 and a two-hundred day simple moving average of $12.36. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The firm had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. During the same period last year, the company posted $0.52 EPS. The company's quarterly revenue was up 5.4% compared to the same quarter last year. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Tuesday, September 30th. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 88.89%.

Wall Street Analyst Weigh In

Several analysts have issued reports on XHR shares. Wells Fargo & Company increased their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. BMO Capital Markets increased their price target on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an "outperform" rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts presently has a consensus rating of "Hold" and an average target price of $13.20.

Xenia Hotels & Resorts 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.

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