Vanguard Group Inc. Sells 270,784 Shares of 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. cut its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 16.79% of Xenia Hotels & Resorts worth $194,885,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Millennium Management LLC lifted its holdings in Xenia Hotels & Resorts by 3.0% in the fourth quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust's stock worth $26,820,000 after buying an additional 52,690 shares during the period. Northern Trust Corp lifted its holdings in 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 worth $24,833,000 after buying an additional 455,757 shares during the period. Alyeska Investment Group L.P. lifted its holdings in 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 buying an additional 1,193,990 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Xenia Hotels & Resorts by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,451,896 shares of the real estate investment trust's stock worth $21,576,000 after buying an additional 3,748 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in Xenia Hotels & Resorts by 0.7% in the fourth quarter. Jacobs Levy Equity Management Inc. now owns 1,312,543 shares of the real estate investment trust's stock worth $19,504,000 after buying an additional 8,902 shares during the period. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

XHR has been the subject of several research analyst reports. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company raised their target price on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Two equities research 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.com, the company presently has an average rating of "Hold" and a consensus price target of $12.25.

Xenia Hotels & Resorts Stock Up 5.7%

Shares of NYSE XHR traded up $0.7620 on Friday, reaching $14.0720. 1,049,972 shares of the company's stock traded hands, compared to its average volume of 1,112,865. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The business's 50 day simple moving average is $12.90 and its two-hundred day simple moving average is $12.37. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 22.34 and a beta of 1.72. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. The business had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The business's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, equities research 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 authorized a stock buyback plan on Wednesday, May 14th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the real estate investment trust to reacquire up to 8.3% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's leadership believes its shares are undervalued.

Xenia Hotels & Resorts Company 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.