Wellington Management Group LLP Reduces Position 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 reduced its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 6.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund 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 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of XHR. Allspring Global Investments Holdings LLC raised its stake in Xenia Hotels & Resorts by 39.2% in the first quarter. Allspring Global Investments Holdings LLC now owns 320,979 shares of the real estate investment trust's stock valued at $3,775,000 after buying an additional 90,405 shares in the last quarter. GSA Capital Partners LLP purchased a new position in shares of Xenia Hotels & Resorts in the 1st quarter valued at about $789,000. Victory Capital Management Inc. raised its position in shares of Xenia Hotels & Resorts by 223.7% during 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 acquiring an additional 232,918 shares in the last quarter. Concurrent Investment Advisors LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 1st quarter worth about $214,000. Finally, Asset Management One Co. Ltd. lifted its stake in 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 during the last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Down 0.0%

XHR stock opened at $13.2850 on Friday. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 21.09 and a beta of 1.72. The company has a fifty day moving average price of $12.86 and a 200 day moving average price of $12.38. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50.

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, topping 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 for the quarter, compared to the consensus estimate of $273.43 million. During the same period last year, the firm posted $0.52 EPS. Xenia Hotels & Resorts's revenue for the quarter was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. Sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts announced that its board has authorized a share repurchase program on Wednesday, May 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price target 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. 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 research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock 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.

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