Xenia Hotels & Resorts, Inc. $XHR Shares Acquired by Cramer Rosenthal Mcglynn LLC

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 increased 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 SEC. The institutional investor owned 1,013,394 shares of the real estate investment trust's stock after buying an additional 37,662 shares during the quarter. Cramer Rosenthal Mcglynn LLC owned about 1.03% of Xenia Hotels & Resorts worth $11,918,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of XHR. Allspring Global Investments Holdings LLC boosted its holdings 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 purchasing an additional 90,405 shares during the last quarter. GSA Capital Partners LLP bought a new position in Xenia Hotels & Resorts during the 1st quarter worth approximately $789,000. Victory Capital Management Inc. grew its position in shares of Xenia Hotels & Resorts by 223.7% in 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 position in shares of Xenia Hotels & Resorts in the 1st quarter worth approximately $214,000. Finally, Asset Management One Co. Ltd. grew its position in shares of Xenia Hotels & Resorts by 0.8% in the 1st quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock worth $1,808,000 after acquiring an additional 1,204 shares in the last quarter. Institutional investors and hedge funds own 92.43% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on XHR. Wells Fargo & Company lifted their target price on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a research report on Tuesday, July 1st. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $12.25.

Xenia Hotels & Resorts Stock Up 5.7%

Shares of Xenia Hotels & Resorts stock opened at $14.0720 on Monday. The business's fifty day moving average price is $12.90 and its two-hundred day moving average price is $12.34. 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 company has a market capitalization of $1.35 billion, a P/E ratio of 22.34 and a beta of 1.72. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.14. The firm had revenue of $287.58 million for the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The firm's revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, May 14th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to purchase up to 8.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company's board believes its shares are undervalued.

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.

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