Martingale Asset Management L P Buys 22,288 Shares of Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Martingale Asset Management L P increased its holdings in Xenia Hotels & Resorts by 11.8%, owning approximately 211,682 shares valued at about $2.49 million.
• Xenia Hotels & Resorts has a current EPS of $0.57, exceeding analysts' expectations, with a revenue of $287.58 million for the last quarter, showing a 5.4% increase year-over-year.
• The company's stock is currently trading at around $14.07, with a 12-month high of $16.50, and it has authorized a $100 million stock buyback program to potentially enhance shareholder value.

Martingale Asset Management L P lifted its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 11.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 211,682 shares of the real estate investment trust's stock after acquiring an additional 22,288 shares during the quarter. Martingale Asset Management L P owned approximately 0.21% of Xenia Hotels & Resorts worth $2,489,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Aberdeen Group plc increased its position in Xenia Hotels & Resorts by 3.6% during the first quarter. Aberdeen Group plc now owns 27,543 shares of the real estate investment trust's stock worth $324,000 after acquiring an additional 958 shares during the period. Asset Management One Co. Ltd. grew its position in shares of Xenia Hotels & Resorts by 0.8% during 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 purchasing an additional 1,204 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 4.3% during the first quarter. Oppenheimer Asset Management Inc. now owns 31,900 shares of the real estate investment trust's stock worth $375,000 after purchasing an additional 1,327 shares during the period. QRG Capital Management Inc. raised its position in shares of Xenia Hotels & Resorts by 8.2% in the first quarter. QRG Capital Management Inc. now owns 19,963 shares of the real estate investment trust's stock valued at $235,000 after buying an additional 1,518 shares in the last quarter. Finally, MetLife Investment Management LLC grew its position in Xenia Hotels & Resorts by 2.6% during the fourth quarter. MetLife Investment Management LLC now owns 65,000 shares of the real estate investment trust's stock worth $966,000 after buying an additional 1,661 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently weighed in on XHR. 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 boosted their price objective on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Xenia Hotels & Resorts currently has an average rating of "Hold" and a consensus target price of $12.50.

Xenia Hotels & Resorts Trading Down 1.2%

Shares of Xenia Hotels & Resorts stock traded down $0.17 during midday trading on Thursday, reaching $14.11. The company had a trading volume of 117,525 shares, compared to its average volume of 950,790. The stock has a fifty day moving average price of $13.01 and a 200 day moving average price of $12.36. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm has a market cap of $1.35 billion, a PE ratio of 22.39 and a beta of 1.72. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.96 and a quick ratio of 2.96.

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

Xenia Hotels & Resorts declared that its Board of Directors has initiated a stock buyback plan on Wednesday, May 14th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are typically 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.