Xenia Hotels & Resorts (NYSE:XHR) Reaches New 12-Month High - Here's What Happened

Key Points

• Xenia Hotels & Resorts (NYSE:XHR) hit a new 52-week high, trading as high as $20.83 amid upbeat market action and a recent 1.8% gain.
• Several analysts turned more bullish on the stock, including Weiss Ratings upgrading it to Buy and firms like KeyCorp, Wells Fargo, and BMO raising targets or reiterating positive ratings.
• The REIT recently beat quarterly earnings estimates, paid a $0.14 quarterly dividend (2.7% yield), and continues to see heavy institutional ownership, with 92.43% of shares held by hedge funds and other institutions.

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $20.83 and last traded at $20.8140, with a volume of 51588 shares trading hands. The stock had previously closed at $20.28.

Analyst Ratings Changes

A number of brokerages have issued reports on XHR. Weiss Ratings raised shares of Xenia Hotels & Resorts from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday. KeyCorp lifted their price target on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the company an "overweight" rating in a research report on Thursday, June 11th. Wells Fargo & Company boosted their price objective on Xenia Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Monday, June 1st. Finally, BMO Capital Markets reissued an "outperform" rating and set a $21.00 price objective on shares of Xenia Hotels & Resorts in a report on Friday, June 12th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $19.25.

Xenia Hotels & Resorts Stock Up 1.8%

The company's 50 day simple moving average is $18.56 and its 200-day simple moving average is $16.39. The company has a debt-to-equity ratio of 1.14, a quick ratio of 2.05 and a current ratio of 2.05. The firm has a market capitalization of $1.90 billion, a PE ratio of 29.49 and a beta of 1.14.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings results on Friday, May 1st. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.03. The firm had revenue of $295.41 million during the quarter, compared to analyst estimates of $291.33 million. Xenia Hotels & Resorts had a net margin of 6.20% and a return on equity of 5.53%. The business's revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.51 EPS. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.860-2.020 EPS. On average, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.81 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $0.56 annualized dividend and a dividend yield of 2.7%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is presently 80.00%.

Insider Activity

In other news, insider Atish Shah sold 120,000 shares of Xenia Hotels & Resorts stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $17.00, for a total transaction of $2,040,000.00. Following the completion of the sale, the insider owned 250,805 shares in the company, valued at approximately $4,263,685. This trade represents a 32.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 4.40% of the company's stock.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of XHR. Wellington Management Group LLP raised its position in shares of Xenia Hotels & Resorts by 3.1% during the 3rd quarter. Wellington Management Group LLP now owns 9,044,142 shares of the real estate investment trust's stock valued at $124,086,000 after buying an additional 273,876 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its position in Xenia Hotels & Resorts by 30.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust's stock valued at $37,104,000 after purchasing an additional 633,820 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Xenia Hotels & Resorts by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,345,600 shares of the real estate investment trust's stock worth $33,167,000 after purchasing an additional 49,979 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Xenia Hotels & Resorts by 3.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,276,448 shares of the real estate investment trust's stock worth $31,233,000 after purchasing an additional 79,685 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Xenia Hotels & Resorts by 2.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,374,459 shares of the real estate investment trust's stock worth $18,859,000 after purchasing an additional 32,635 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts is a self-administered real estate investment trust (REIT) that specializes in owning, operating and acquiring premium full-service hotels across the United States. The company's portfolio emphasizes upper-upscale and luxury properties, partnering with leading hotel brands to deliver a distinctive guest experience while targeting markets with strong leisure and corporate demand.

Founded as a spin-off from Marriott International in September 2016, Xenia has built a diversified collection of full-service hotels and resorts in key U.S.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.