Vanguard Group Inc. Lowers Stock Holdings in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Vanguard Group Inc. has reduced its holdings in Xenia Hotels & Resorts, selling 270,784 shares and now owning approximately 16.79% of the company, valued at $194.9 million as of its latest SEC filing.
• Analysts have mixed views on Xenia Hotels & Resorts, with Wells Fargo increasing their price target to $14.00, while Morgan Stanley lowered its target to $9.00, indicating a consensus rating of "Hold" with a price target of $12.25.
• Xenia Hotels & Resorts reported quarterly earnings of $0.57 per share, exceeding expectations, alongside a revenue of $287.58 million, which reflects a year-over-year increase of 5.4%.

Vanguard Group Inc. lowered its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,571,819 shares of the real estate investment trust's stock after selling 270,784 shares during the period. Vanguard Group Inc. owned approximately 16.79% of Xenia Hotels & Resorts worth $194,885,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in Xenia Hotels & Resorts by 39.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 320,979 shares of the real estate investment trust's stock worth $3,775,000 after purchasing an additional 90,405 shares during the period. GSA Capital Partners LLP bought a new stake in Xenia Hotels & Resorts in the 1st quarter worth approximately $789,000. Victory Capital Management Inc. grew its position in Xenia Hotels & Resorts by 223.7% in 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 purchasing an additional 232,918 shares during the period. Concurrent Investment Advisors LLC bought a new stake in Xenia Hotels & Resorts in the 1st quarter worth approximately $214,000. Finally, Asset Management One Co. Ltd. grew its position in Xenia Hotels & Resorts by 0.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock worth $1,808,000 after purchasing an additional 1,204 shares during the period. Institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Performance

Shares of XHR stock traded down $0.18 during mid-day trading on Monday, reaching $13.91. 602,264 shares of the company's stock traded hands, compared to its average volume of 1,118,144. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The firm has a 50 day moving average price of $12.94 and a two-hundred day moving average price of $12.33. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market capitalization of $1.33 billion, a PE ratio of 22.08 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The company'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. On average, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a share 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 reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Wells Fargo & Company lifted 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 report on Tuesday, July 1st. Wall Street Zen downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Xenia Hotels & Resorts presently has an average rating of "Hold" and an average price target of $12.25.

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.