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

A number of other institutional investors also recently made changes to their positions in XHR. GF Fund Management CO. LTD. acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at approximately $28,000. Allworth Financial LP raised its position in shares of Xenia Hotels & Resorts by 231.4% during the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,798 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at approximately $68,000. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Xenia Hotels & Resorts by 21.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 13,007 shares of the real estate investment trust's stock valued at $153,000 after acquiring an additional 2,256 shares in the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

XHR has been the subject of a number of recent research reports. Wells Fargo & Company upped their price objective 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. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Finally, BMO Capital Markets upped their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock 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 given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $13.20.

Xenia Hotels & Resorts Trading Down 1.7%

NYSE:XHR opened at $14.38 on Monday. Xenia Hotels & Resorts, Inc. has a 1 year low of $8.55 and a 1 year high of $16.50. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 22.83 and a beta of 1.72. The business has a fifty day moving average of $13.26 and a 200-day moving average of $12.32. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. During the same quarter in the prior year, the business posted $0.52 earnings per share. The company'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. Equities analysts predict 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 approved a stock repurchase plan on Wednesday, May 14th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's leadership believes its stock is 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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