Wellington Management Group LLP Sells 1,163,321 Shares of Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Wellington Management reduced its Xenia Hotels & Resorts position by 22.2%, selling 1.16 million shares in the second quarter and retaining 4.08 million shares worth approximately $83.1 million.
• Institutional ownership remains high at 92.43%, with BlackRock establishing a roughly $348.8 million stake and several other investment firms increasing their holdings.
• Xenia reported quarterly EPS of $0.61, beating the $0.24 consensus estimate, while revenue rose 2.7% year over year to $295.5 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $20.12.

Wellington Management Group LLP decreased its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 22.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,081,029 shares of the real estate investment trust's stock after selling 1,163,321 shares during the quarter. Wellington Management Group LLP owned 4.42% of Xenia Hotels & Resorts worth $83,090,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also bought and sold shares of XHR. BlackRock Inc. purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter valued at about $348,760,000. Arrowstreet Capital Limited Partnership increased its stake in Xenia Hotels & Resorts by 30.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust's stock worth $37,104,000 after purchasing an additional 633,820 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Xenia Hotels & Resorts by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,345,600 shares of the real estate investment trust's stock valued at $33,167,000 after purchasing an additional 49,979 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Xenia Hotels & Resorts by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,374,459 shares of the real estate investment trust's stock valued at $18,859,000 after purchasing an additional 32,635 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Xenia Hotels & Resorts by 40.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,360,082 shares of the real estate investment trust's stock valued at $19,898,000 after purchasing an additional 390,145 shares during the period. Hedge funds and other institutional investors own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 0.7%

Shares of Xenia Hotels & Resorts stock opened at $18.43 on Thursday. Xenia Hotels & Resorts, Inc. has a 1 year low of $11.75 and a 1 year high of $22.06. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -263.18 and a beta of 1.14. The company has a 50-day moving average of $20.05 and a 200 day moving average of $17.67. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.47 and a quick ratio of 2.47.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.37. The company had revenue of $295.49 million for the quarter, compared to the consensus estimate of $302.39 million. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%.The firm's quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 EPS. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on XHR. BMO Capital Markets lowered shares of Xenia Hotels & Resorts from an "outperform" rating to a "market perform" rating and cut their price target for the stock from $22.00 to $20.50 in a report on Tuesday. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an "overweight" rating in a research note on Thursday, July 23rd. KeyCorp increased their target price on shares of Xenia Hotels & Resorts from $16.00 to $21.00 and gave the stock an "overweight" rating in a report on Thursday, June 11th. Finally, Weiss Ratings cut Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a research note on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of "Moderate Buy" and an average price target of $20.12.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company's portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.

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