Woodline Partners LP Acquires 959,641 Shares of Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Woodline Partners LP has significantly increased its stake in Xenia Hotels & Resorts by 138.9%, owning approximately $19.41 million in shares.
• Xenia Hotels & Resorts reported earnings of $0.57 per share in its latest quarter, exceeding expectations and indicating a 5.4% increase in revenue year-over-year.
• The company has initiated a $100 million stock buyback program, signaling confidence in its stock value and potential for growth.

Woodline Partners LP grew its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 138.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,650,570 shares of the real estate investment trust's stock after buying an additional 959,641 shares during the quarter. Woodline Partners LP owned approximately 1.67% of Xenia Hotels & Resorts worth $19,411,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Millennium Management LLC grew its stake in shares of Xenia Hotels & Resorts by 17.8% during the 1st quarter. Millennium Management LLC now owns 2,126,198 shares of the real estate investment trust's stock valued at $25,004,000 after acquiring an additional 321,343 shares during the period. Cramer Rosenthal Mcglynn LLC lifted its holdings in Xenia Hotels & Resorts by 3.9% during the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,013,394 shares of the real estate investment trust's stock valued at $11,918,000 after purchasing an additional 37,662 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Xenia Hotels & Resorts by 2.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 733,055 shares of the real estate investment trust's stock valued at $10,893,000 after purchasing an additional 14,094 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its position in shares of Xenia Hotels & Resorts by 1,207.7% in the first quarter. Adage Capital Partners GP L.L.C. now owns 650,000 shares of the real estate investment trust's stock worth $7,644,000 after purchasing an additional 600,294 shares during the period. Finally, Allianz Asset Management GmbH boosted its position in shares of Xenia Hotels & Resorts by 21.9% in the first quarter. Allianz Asset Management GmbH now owns 523,783 shares of the real estate investment trust's stock worth $6,160,000 after purchasing an additional 94,204 shares during the period. Institutional investors own 92.43% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. 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. Wells Fargo & Company increased their price target on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Finally, BMO Capital Markets raised their price target on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an "outperform" rating in a report on Tuesday, September 2nd. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.20.

Xenia Hotels & Resorts Price Performance

Shares of NYSE:XHR traded up $0.03 during midday trading on Friday, reaching $14.72. 685,216 shares of the company were exchanged, compared to its average volume of 810,321. The stock has a market cap of $1.41 billion, a PE ratio of 23.36 and a beta of 1.72. The business's fifty day moving average is $13.41 and its two-hundred day moving average is $12.36. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.13.

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 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 company had revenue of $287.58 million for the quarter, compared to the consensus estimate of $273.43 million. During the same period in the previous year, the firm posted $0.52 EPS. Xenia Hotels & Resorts'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. As a group, analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts 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.