Cramer Rosenthal Mcglynn LLC Raises Position in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Cramer Rosenthal Mcglynn LLC increased its stake in Xenia Hotels & Resorts by 3.9%, owning 1,013,394 shares worth approximately $11.9 million as of the latest SEC filing.
• Xenia Hotels & Resorts stock has seen a 5.7% increase recently, with shares opening at $14.0720, reflecting positive performance metrics including a strong quarter with $0.57 earnings per share, surpassing estimates.
• The company has initiated a $100 million stock repurchase plan, indicating management's belief that its shares are undervalued.

Cramer Rosenthal Mcglynn LLC raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,013,394 shares of the real estate investment trust's stock after acquiring an additional 37,662 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned approximately 1.03% of Xenia Hotels & Resorts worth $11,918,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth $28,000. Allworth Financial LP raised its holdings in shares of Xenia Hotels & Resorts by 231.4% in the first quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,798 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of Xenia Hotels & Resorts in the first quarter worth $68,000. Finally, Dark Forest Capital Management LP acquired a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth $157,000. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Trading Down 0.0%

XHR stock traded down $0.01 during trading on Friday, reaching $14.16. 690,934 shares of the stock traded hands, compared to its average volume of 1,070,768. The business's 50 day moving average price is $13.09 and its 200-day moving average price is $12.35. Xenia Hotels & Resorts, Inc. has a 52-week low of $8.55 and a 52-week high of $16.50. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96. The firm has a market capitalization of $1.36 billion, a PE ratio of 22.48 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted 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 return on equity of 4.95% and a net margin of 5.86%.The firm had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. The firm's quarterly revenue 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, sell-side analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

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

Wall Street Analyst Weigh In

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

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.