Public Employees Retirement System of Ohio Makes New Investment in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Public Employees Retirement System of Ohio purchased 172,191 shares of Xenia Hotels & Resorts, valued at approximately $3.5 million, giving it a 0.19% stake. Institutional investors and hedge funds collectively own 92.43% of the REIT.
• Xenia reported quarterly EPS of $0.61, beating the $0.24 consensus estimate, while revenue rose 2.7% year over year to $295.49 million but fell short of expectations.
• Analyst sentiment remains cautiously positive, with a consensus “Moderate Buy” rating and an average price target of $20.12, compared with the stock’s reported price of $17.99.

Public Employees Retirement System of Ohio purchased a new stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 172,191 shares of the real estate investment trust's stock, valued at approximately $3,506,000. Public Employees Retirement System of Ohio owned 0.19% of Xenia Hotels & Resorts at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Great Lakes Advisors LLC bought a new stake in Xenia Hotels & Resorts in the second quarter valued at about $1,599,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Xenia Hotels & Resorts during the second quarter worth about $1,636,000. Jupiter Topco LLC bought a new position in Xenia Hotels & Resorts during the second quarter worth about $3,717,000. LSV Asset Management boosted its holdings in Xenia Hotels & Resorts by 99.4% during the fourth quarter. LSV Asset Management now owns 1,065,627 shares of the real estate investment trust's stock valued at $15,068,000 after purchasing an additional 531,127 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Xenia Hotels & Resorts by 26.6% during the first quarter. Principal Financial Group Inc. now owns 572,164 shares of the real estate investment trust's stock valued at $8,485,000 after purchasing an additional 120,077 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Price Performance

Shares of Xenia Hotels & Resorts stock opened at $17.99 on Friday. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -256.96 and a beta of 1.14. The firm's 50-day moving average price is $19.95 and its two-hundred day moving average price is $17.69. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.17. 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 announced its earnings results on Thursday, July 30th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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 the consensus estimate of $302.39 million. During the same period in the previous year, the business earned $0.57 EPS. Xenia Hotels & Resorts's revenue was up 2.7% compared to the same quarter last year. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. On average, equities analysts predict that Xenia Hotels & Resorts, Inc. will post 1.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on XHR shares. KeyCorp upped their price objective on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, June 11th. BMO Capital Markets downgraded Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and cut their target price for the stock from $22.00 to $20.50 in a research report on Tuesday. Weiss Ratings lowered Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a research note on Thursday, August 13th. Finally, Wells Fargo & Company upped their price target on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Thursday, July 23rd. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $20.12.

About Xenia Hotels & Resorts

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.