Xenia Hotels & Resorts, Inc. $XHR Shares Purchased by Adage Capital Partners GP L.L.C.

Key Points

• Adage Capital Partners GP L.L.C. increased its stake in Xenia Hotels & Resorts by an impressive 1,207.7%, now owning 650,000 shares valued at approximately $7.64 million.
• Xenia Hotels & Resorts reported a quarterly EPS of $0.57, exceeding the consensus estimate by $0.14, with revenue of $287.58 million, which surpassed analysts' expectations.
• The stock has received mixed ratings from analysts, with Wells Fargo raising its price target to $15.00, while Wall Street Zen downgraded it from "buy" to "hold."

Adage Capital Partners GP L.L.C. lifted its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 1,207.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 650,000 shares of the real estate investment trust's stock after acquiring an additional 600,294 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.66% of Xenia Hotels & Resorts worth $7,644,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Xenia Hotels & Resorts during the 4th quarter worth $324,000. Northern Trust Corp lifted its stake in shares of Xenia Hotels & Resorts by 37.5% during the fourth quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust's stock worth $24,833,000 after purchasing an additional 455,757 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its position in shares of Xenia Hotels & Resorts by 44.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 20,009 shares of the real estate investment trust's stock worth $297,000 after buying an additional 6,137 shares during the period. Bank of America Corp DE grew its stake in shares of Xenia Hotels & Resorts by 89.6% in the fourth quarter. Bank of America Corp DE now owns 272,368 shares of the real estate investment trust's stock valued at $4,047,000 after buying an additional 128,721 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in shares of Xenia Hotels & Resorts by 25.5% in the fourth quarter. Deutsche Bank AG now owns 133,162 shares of the real estate investment trust's stock valued at $1,979,000 after buying an additional 27,033 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on XHR shares. Wall Street Zen lowered 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 shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Finally, BMO Capital Markets upped their target price on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an "outperform" rating in a research note on Tuesday, September 2nd. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $13.20.

Xenia Hotels & Resorts Stock Up 0.2%

XHR stock traded up $0.03 during midday trading on Friday, hitting $14.72. 685,216 shares of the company's stock were exchanged, compared to its average volume of 810,321. The firm has a 50 day moving average price of $13.41 and a 200-day moving average price of $12.36. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 23.36 and a beta of 1.72. 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 released its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. The company had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The business's revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Company 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.