Public Sector Pension Investment Board Boosts Stake 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 raised its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 27.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 322,897 shares of the real estate investment trust's stock after purchasing an additional 69,199 shares during the quarter. Public Sector Pension Investment Board owned 0.33% of Xenia Hotels & Resorts worth $3,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in XHR. Alyeska Investment Group L.P. grew its stake 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 valued at $24,599,000 after buying an additional 1,193,990 shares in the last quarter. Invesco Ltd. grew its stake in shares of Xenia Hotels & Resorts by 73.5% in the fourth quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust's stock valued at $16,743,000 after buying an additional 477,231 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at $5,404,000. Northern Trust Corp grew its stake in shares of Xenia Hotels & Resorts by 37.5% in the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock valued at $24,833,000 after buying an additional 455,757 shares in the last quarter. Finally, BROOKFIELD Corp ON acquired a new position in Xenia Hotels & Resorts during the 4th quarter worth $6,218,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on XHR shares. Wall Street Zen cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Morgan Stanley lowered their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company boosted their target price on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of "Hold" and a consensus price target of $12.25.

Xenia Hotels & Resorts Trading Up 0.3%

NYSE:XHR opened at $13.12 on Tuesday. The stock has a 50-day simple moving average of $12.81 and a 200-day simple moving average of $12.37. The stock has a market cap of $1.26 billion, a P/E ratio of 20.82 and a beta of 1.72. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.14. The business had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%. The business's quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 EPS. As a group, analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts declared that its board has initiated a stock buyback program 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 purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's board believes its stock is 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.

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