Xenia Hotels & Resorts, Inc. $XHR Shares Sold by Charles Schwab Investment Management Inc.

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 stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 approximately 2.30% of Xenia Hotels & Resorts worth $26,722,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $28,000. Allworth Financial LP raised its holdings in shares of Xenia Hotels & Resorts by 231.4% in the first quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock valued at $30,000 after acquiring an additional 1,798 shares in the last quarter. Lazard Asset Management LLC bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $47,000. Mackenzie Financial Corp bought a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at about $154,000. Finally, Dark Forest Capital Management LP bought a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $157,000. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Stock Up 5.7%

Xenia Hotels & Resorts stock traded up $0.7620 during trading hours on Friday, reaching $14.0720. The stock had a trading volume of 1,049,972 shares, compared to its average volume of 1,112,865. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 8.19 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. The business's 50 day moving average price is $12.90 and its 200-day moving average price is $12.36. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.14. The business had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The firm's revenue was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.52 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. 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 initiated a stock buyback plan on Wednesday, May 14th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 8.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on XHR shares. Wall Street Zen downgraded Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Wells Fargo & Company lifted their price objective on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Xenia Hotels & Resorts currently has a consensus rating of "Hold" and a consensus target price of $12.25.

Xenia Hotels & Resorts Company 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.