Jacobs Levy Equity Management Inc. Sells 49,987 Shares of Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Xenia Hotels & Resorts, Inc. by 3.8%, holding approximately 1.28% of the company's shares valued at $14.8 million.
• Research analysts have mixed opinions on the stock, with three giving it a "Buy" rating and one issuing a "Hold," while average target prices vary, from $13.20 to $16.00.
• Xenia Hotels & Resorts reported a strong quarterly performance, earning $0.57 EPS against a consensus estimate of $0.43 and increasing revenue by 5.4% year-over-year.

Jacobs Levy Equity Management Inc. cut its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,262,556 shares of the real estate investment trust's stock after selling 49,987 shares during the period. Jacobs Levy Equity Management Inc. owned approximately 1.28% of Xenia Hotels & Resorts worth $14,848,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in XHR. Adage Capital Partners GP L.L.C. raised its holdings in Xenia Hotels & Resorts by 1,207.7% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 650,000 shares of the real estate investment trust's stock valued at $7,644,000 after acquiring an additional 600,294 shares in the last quarter. Nuveen LLC acquired a new position in Xenia Hotels & Resorts in the 1st quarter valued at $5,404,000. Northern Trust Corp raised its holdings in Xenia Hotels & Resorts by 37.5% in the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after acquiring an additional 455,757 shares in the last quarter. Woodline Partners LP raised its holdings in shares of 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. Finally, Victory Capital Management Inc. raised its holdings in shares of Xenia Hotels & Resorts by 223.7% during 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 buying an additional 232,918 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Price Performance

XHR traded down $0.06 on Friday, reaching $14.63. The stock had a trading volume of 165,081 shares, compared to its average volume of 952,283. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm has a 50-day moving average of $13.38 and a 200-day moving average of $12.35. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.13. The company has a market capitalization of $1.40 billion, a price-to-earnings ratio of 23.21 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. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.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 firm earned $0.52 EPS. The business's revenue for the quarter 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. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Analysts Set New Price Targets

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

About Xenia Hotels & Resorts

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.