Xenia Hotels & Resorts, Inc. $XHR Shares Sold by Goldman Sachs Group Inc.

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 Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 20.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. 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.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Aberdeen Group plc boosted its position in shares of Xenia Hotels & Resorts by 3.6% during the first quarter. Aberdeen Group plc now owns 27,543 shares of the real estate investment trust's stock valued at $324,000 after buying an additional 958 shares during the last quarter. Arete Wealth Advisors LLC lifted its holdings in Xenia Hotels & Resorts by 5.4% in the 1st quarter. Arete Wealth Advisors LLC now owns 21,099 shares of the real estate investment trust's stock worth $248,000 after buying an additional 1,085 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Xenia Hotels & Resorts by 0.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock worth $1,808,000 after acquiring an additional 1,204 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in Xenia Hotels & Resorts by 4.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 31,900 shares of the real estate investment trust's stock valued at $375,000 after buying an additional 1,327 shares in the last quarter. Finally, QRG Capital Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 8.2% in the 1st quarter. QRG Capital Management Inc. now owns 19,963 shares of the real estate investment trust's stock worth $235,000 after purchasing an additional 1,518 shares in the last quarter. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Down 0.4%

Xenia Hotels & Resorts stock traded down $0.06 during mid-day trading on Friday, reaching $14.77. 2,707,771 shares of the company were exchanged, compared to its average volume of 832,222. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The business has a fifty day moving average of $13.58 and a 200 day moving average of $12.41. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market cap of $1.41 billion, a P/E ratio of 23.44 and a beta of 1.72.

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

Xenia Hotels & Resorts Dividend Announcement

The firm 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 dividend of $0.14 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.8%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is 88.89%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on XHR. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. BMO Capital Markets boosted their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Finally, Wells Fargo & Company boosted their price objective on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Three equities research 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, the stock presently has a consensus rating of "Hold" and a consensus price target 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.