Public Sector Pension Investment Board Boosts Holdings in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• The Public Sector Pension Investment Board increased its stake in Xenia Hotels & Resorts, Inc. by 27.3% during the first quarter, holding a total of 322,897 shares valued at approximately $3.8 million.
• Wall Street analysts have mixed opinions on Xenia Hotels & Resorts, with a consensus rating of "Hold" and a price target of $12.25, reflecting a range of recommendations from "buy" to "sell".
• Xenia Hotels & Resorts reported better-than-expected quarterly earnings with $0.57 EPS and announced a stock buyback program of $100 million, indicating potential confidence in its stock value.

Public Sector Pension Investment Board grew its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 27.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 322,897 shares of the real estate investment trust's stock after acquiring an additional 69,199 shares during the period. Public Sector Pension Investment Board owned about 0.33% of Xenia Hotels & Resorts worth $3,797,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of XHR. Alyeska Investment Group L.P. raised its position in shares of Xenia Hotels & Resorts by 258.8% in the fourth 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 acquiring an additional 1,193,990 shares during the period. Invesco Ltd. increased its stake in shares of Xenia Hotels & Resorts by 73.5% during the fourth quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock worth $16,743,000 after purchasing an additional 477,231 shares in the last quarter. Nuveen LLC purchased a new stake in shares of Xenia Hotels & Resorts during the first quarter worth about $5,404,000. Northern Trust Corp increased its stake in shares of Xenia Hotels & Resorts by 37.5% during the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock worth $24,833,000 after purchasing an additional 455,757 shares in the last quarter. Finally, BROOKFIELD Corp ON purchased a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth about $6,218,000. Institutional investors and hedge funds own 92.43% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on XHR shares. Wall Street Zen cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $12.25.

Xenia Hotels & Resorts Price Performance

NYSE XHR traded up $0.7620 during trading hours on Friday, hitting $14.0720. 1,049,972 shares of the company's stock traded hands, compared to its average volume of 1,118,144. Xenia Hotels & Resorts, Inc. has a 52-week low of $8.55 and a 52-week high of $16.50. The company has a market capitalization of $1.35 billion, a PE ratio of 22.34 and a beta of 1.72. 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 firm's 50-day moving average is $12.90 and its 200-day moving average is $12.34.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings data 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 company 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 company earned $0.52 EPS. Xenia Hotels & Resorts's 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. Equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

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

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.