Wellington Management Group LLP Decreases Stake in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Wellington Management Group LLP has decreased its stake in Xenia Hotels & Resorts by 6.3%, now owning approximately 8.96% of the company, valued at around $104 million.
• The company's quarterly earnings report showed $0.57 earnings per share, surpassing estimates and reflecting a year-over-year revenue increase of 5.4% to $287.58 million.
• Xenia Hotels & Resorts announced a $100 million share buyback program, indicating confidence from management that their shares are undervalued.

Wellington Management Group LLP cut its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 6.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,848,084 shares of the real estate investment trust's stock after selling 599,658 shares during the period. Wellington Management Group LLP owned about 8.96% of Xenia Hotels & Resorts worth $104,053,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of XHR. Aberdeen Group plc increased its position in shares of Xenia Hotels & Resorts by 3.6% during the first quarter. Aberdeen Group plc now owns 27,543 shares of the real estate investment trust's stock worth $324,000 after purchasing an additional 958 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Xenia Hotels & Resorts by 0.8% during the first 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 in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Xenia Hotels & Resorts by 4.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 31,900 shares of the real estate investment trust's stock worth $375,000 after purchasing an additional 1,327 shares in the last quarter. QRG Capital Management Inc. increased its position in shares of Xenia Hotels & Resorts by 8.2% during the first quarter. QRG Capital Management Inc. now owns 19,963 shares of the real estate investment trust's stock worth $235,000 after purchasing an additional 1,518 shares in the last quarter. Finally, MetLife Investment Management LLC increased its position in shares of Xenia Hotels & Resorts by 2.6% during the fourth quarter. MetLife Investment Management LLC now owns 65,000 shares of the real estate investment trust's stock worth $966,000 after purchasing an additional 1,661 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on XHR shares. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $12.50.

Xenia Hotels & Resorts Stock Performance

XHR traded up $0.18 during trading on Wednesday, reaching $14.12. The company's stock had a trading volume of 70,657 shares, compared to its average volume of 952,379. Xenia Hotels & Resorts, Inc. has a 52-week low of $8.55 and a 52-week high of $16.50. The company's fifty day moving average price is $12.97 and its 200-day moving average price is $12.35. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 22.42 and a beta of 1.72. 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 announced its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, topping the consensus estimate of $0.43 by $0.14. The business had revenue of $287.58 million for the quarter, compared to analyst estimates of $273.43 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts announced that its board has approved a share repurchase program 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 purchase up to 8.3% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's leadership believes its stock is 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.