Invesco Ltd. Trims Holdings in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Invesco Ltd. has reduced its stake in Xenia Hotels & Resorts, decreasing its ownership by 10.1% to approximately 1.03% of the company, valued at $11.91 million.
• Several institutional investors have made recent moves, with ownership by institutional investors now at 92.43% of the company's stock, indicating strong interest from professional investors.
• Xenia Hotels & Resorts reported a quarterly earnings beat with $0.57 EPS, surpassing estimates of $0.43, and set guidance for FY 2025 earnings between $1.660 and $1.800 EPS.

Invesco Ltd. cut its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 10.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,012,912 shares of the real estate investment trust's stock after selling 113,791 shares during the quarter. Invesco Ltd. owned 1.03% of Xenia Hotels & Resorts worth $11,912,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in XHR. Alyeska Investment Group L.P. lifted its holdings in Xenia Hotels & Resorts by 258.8% during the 4th quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust's stock worth $24,599,000 after buying an additional 1,193,990 shares in the last quarter. Northern Trust Corp lifted its holdings in Xenia Hotels & Resorts by 37.5% during the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock worth $24,833,000 after buying an additional 455,757 shares in the last quarter. BROOKFIELD Corp ON acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth approximately $6,218,000. Balyasny Asset Management L.P. lifted its holdings in Xenia Hotels & Resorts by 29.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 1,166,579 shares of the real estate investment trust's stock worth $17,335,000 after buying an additional 265,815 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in Xenia Hotels & Resorts by 58.1% during the 4th quarter. Woodline Partners LP now owns 690,929 shares of the real estate investment trust's stock worth $10,267,000 after buying an additional 253,969 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on XHR. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the company an "overweight" rating in a research report on Wednesday. Two 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $12.50.

Xenia Hotels & Resorts Stock Up 2.4%

Shares of Xenia Hotels & Resorts stock traded up $0.34 during trading hours on Wednesday, hitting $14.28. The company had a trading volume of 638,618 shares, compared to its average volume of 955,966. The company's 50-day moving average is $12.97 and its two-hundred day moving average is $12.35. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. The company has a market cap of $1.37 billion, a P/E ratio of 22.66 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, beating 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 business had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. During the same quarter in the prior year, the business posted $0.52 EPS. The company's revenue for the quarter was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. Analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts announced that its board has approved a stock repurchase plan on Wednesday, May 14th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the real estate investment trust to reacquire up to 8.3% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors believes its shares are undervalued.

Xenia Hotels & Resorts Company 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.