Martingale Asset Management L P Grows Stake in 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 shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 11.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 211,682 shares of the real estate investment trust's stock after buying an additional 22,288 shares during the quarter. Martingale Asset Management L P owned about 0.21% of Xenia Hotels & Resorts worth $2,489,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $28,000. Allworth Financial LP grew its position in shares of Xenia Hotels & Resorts by 231.4% during 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 purchased a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $47,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Xenia Hotels & Resorts during the first quarter worth approximately $68,000. Finally, Dark Forest Capital Management LP purchased a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $157,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

Analyst Ratings Changes

XHR has been the topic of a number of research reports. Wells Fargo & Company raised their target price on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday. Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $12.50.

Xenia Hotels & Resorts Price Performance

Shares of Xenia Hotels & Resorts stock traded up $0.34 during trading on Wednesday, reaching $14.28. The company's stock had a trading volume of 638,615 shares, compared to its average volume of 954,216. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The company has a market capitalization of $1.37 billion, a P/E ratio of 22.66 and a beta of 1.72. The business has a 50 day moving average price of $12.97 and a 200-day moving average price of $12.35.

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 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 for the quarter, compared to the consensus estimate of $273.43 million. During the same period in the previous year, the business earned $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. As a group, sell-side analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts declared that its board has authorized a stock repurchase plan on Wednesday, May 14th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

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.