Charles Schwab Investment Management Inc. Reduces Stock Position in Xenia Hotels & Resorts, Inc. $XHR

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in Xenia Hotels & Resorts by 3.8%, now owning approximately 2.30% of the company, worth $26.7 million.
• Wells Fargo & Company raised its target price for the stock from $12.00 to $14.00, while several analysts have issued varying ratings, resulting in a consensus rating of "Hold" with an average price target of $12.25.
• Xenia Hotels & Resorts' recent quarterly earnings surpassed expectations, reporting $0.57 earnings per share and highlighting a revenue increase of 5.4% compared to the same quarter last year.

Charles Schwab Investment Management Inc. reduced its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,272,295 shares of the real estate investment trust's stock after selling 89,861 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.30% of Xenia Hotels & Resorts worth $26,722,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $28,000. Allworth Financial LP grew its holdings 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 valued at $30,000 after buying an additional 1,798 shares during the last quarter. Lazard Asset Management LLC acquired a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $47,000. Dark Forest Capital Management LP purchased a new position in Xenia Hotels & Resorts during the fourth quarter worth about $157,000. Finally, Two Sigma Securities LLC purchased a new position in Xenia Hotels & Resorts during the fourth quarter worth about $175,000. 92.43% of the stock is currently owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

XHR traded up $0.05 during midday trading on Tuesday, reaching $13.95. The company had a trading volume of 1,065,440 shares, compared to its average volume of 1,115,093. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. The stock has a market cap of $1.34 billion, a PE ratio of 22.13 and a beta of 1.72. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50. The business has a 50-day moving average price of $12.97 and a two-hundred day moving average price 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 for the quarter, beating analysts' consensus estimates of $0.43 by $0.14. The firm had revenue of $287.58 million for the quarter, compared to analysts' expectations of $273.43 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The company's quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts declared that its board has authorized a share buyback plan on Wednesday, May 14th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 8.3% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. Wall Street Zen cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Two 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, Xenia Hotels & Resorts currently has a consensus rating of "Hold" and an average target price of $12.25.

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.