Xenia Hotels & Resorts, Inc. $XHR Shares Acquired by Bank of America Corp DE

Bank of America Corp DE boosted its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 65.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 761,412 shares of the real estate investment trust's stock after purchasing an additional 301,793 shares during the quarter. Bank of America Corp DE owned about 0.83% of Xenia Hotels & Resorts worth $11,292,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada increased its holdings in shares of Xenia Hotels & Resorts by 18.9% during the first quarter. Royal Bank of Canada now owns 31,100 shares of the real estate investment trust's stock valued at $366,000 after purchasing an additional 4,950 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 75.0% in the first quarter. AQR Capital Management LLC now owns 39,894 shares of the real estate investment trust's stock valued at $469,000 after acquiring an additional 17,097 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Xenia Hotels & Resorts by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 60,617 shares of the real estate investment trust's stock valued at $713,000 after acquiring an additional 2,633 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of Xenia Hotels & Resorts by 85.0% in the first quarter. Jane Street Group LLC now owns 93,661 shares of the real estate investment trust's stock valued at $1,101,000 after acquiring an additional 43,026 shares in the last quarter. Finally, Creative Planning acquired a new position in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $230,000. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XHR has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Thursday, July 23rd. KeyCorp raised their target price on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an "overweight" rating in a research note on Thursday, June 11th. BMO Capital Markets reaffirmed an "outperform" rating and set a $21.00 target price on shares of Xenia Hotels & Resorts in a report on Friday, June 12th. Finally, Weiss Ratings cut shares of Xenia Hotels & Resorts from a "hold (c+)" rating to a "hold (c-)" rating in a research report on Thursday, August 13th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $20.25.

Xenia Hotels & Resorts Trading Up 0.1%

Shares of XHR opened at $19.40 on Friday. The business's 50-day moving average price is $20.16 and its 200 day moving average price is $17.45. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $1.79 billion, a P/E ratio of -277.10 and a beta of 1.15. Xenia Hotels & Resorts, Inc. has a 1-year low of $11.75 and a 1-year high of $22.06.

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

Xenia Hotels & Resorts Company Profile

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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