Xenia Hotels & Resorts, Inc. $XHR Stake Lifted by Millennium Management LLC

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 boosted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 17.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,126,198 shares of the real estate investment trust's stock after purchasing an additional 321,343 shares during the period. Millennium Management LLC owned approximately 2.15% of Xenia Hotels & Resorts worth $25,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. acquired a new stake in Xenia Hotels & Resorts during the fourth quarter valued at approximately $28,000. Allworth Financial LP lifted its stake in 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 valued at $30,000 after purchasing an additional 1,798 shares during the last quarter. Lazard Asset Management LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at approximately $47,000. BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of Xenia Hotels & Resorts in the 1st quarter valued at approximately $68,000. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Xenia Hotels & Resorts by 21.0% in 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.

Xenia Hotels & Resorts Stock Up 1.9%

XHR stock opened at $14.72 on Friday. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 23.36 and a beta of 1.72. The company has a 50 day moving average of $13.38 and a two-hundred day moving average of $12.35.

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 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 company had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. During the same quarter in the prior year, the firm earned $0.52 EPS. The company'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. On average, equities analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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

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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