Millennium Management LLC Purchases 321,343 Shares of Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Millennium Management LLC increased its stake in Xenia Hotels & Resorts by 17.8%, holding 2,126,198 shares valued at approximately $25 million as of the end of the first quarter.
• Xenia Hotels & Resorts reported earnings of $0.57 per share, exceeding analysts' estimates and showing a revenue increase of 5.4% year-over-year.
• Current analyst ratings for Xenia Hotels & Resorts include three "Buy", one "Hold", and one "Sell", with an average target price of $13.20.

Millennium Management LLC raised its position in Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 17.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,126,198 shares of the real estate investment trust's stock after acquiring an additional 321,343 shares during the quarter. Millennium Management LLC owned 2.15% of Xenia Hotels & Resorts worth $25,004,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Allspring Global Investments Holdings LLC grew its stake 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 worth $3,775,000 after purchasing an additional 90,405 shares in the last quarter. GSA Capital Partners LLP bought a new position in Xenia Hotels & Resorts in the 1st quarter worth about $789,000. Victory Capital Management Inc. grew its position in 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 purchasing an additional 232,918 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new position in shares of Xenia Hotels & Resorts during the first quarter worth approximately $214,000. Finally, American Century Companies Inc. boosted its position in shares of Xenia Hotels & Resorts by 235.7% during the first quarter. American Century Companies Inc. now owns 106,137 shares of the real estate investment trust's stock worth $1,248,000 after buying an additional 74,525 shares during the period. Institutional investors and hedge funds own 92.43% of the company's stock.

Xenia Hotels & Resorts Stock Up 0.3%

NYSE XHR traded up $0.05 during trading on Wednesday, hitting $14.71. 65,827 shares of the company traded hands, compared to its average volume of 947,821. Xenia Hotels & Resorts, Inc. has a 12 month low of $8.55 and a 12 month high of $16.50. The business has a fifty day simple moving average of $13.48 and a 200 day simple moving average of $12.37. The company has a market capitalization of $1.41 billion, a P/E ratio of 23.39 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 issued its quarterly earnings data 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 business had revenue of $287.58 million for the quarter, compared to the consensus estimate of $273.43 million. During the same period last year, the business earned $0.52 EPS. The firm's revenue 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 predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.14 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.8%. Xenia Hotels & Resorts's payout ratio is presently 88.89%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on XHR shares. Wells Fargo & Company upped their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. BMO Capital Markets increased their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Finally, Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $13.20.

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.