Vanguard Group Inc. Sells 270,784 Shares of Xenia Hotels & Resorts, Inc. $XHR

Vanguard Group Inc. reduced its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 1.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,571,819 shares of the real estate investment trust’s stock after selling 270,784 shares during the period. Vanguard Group Inc. owned approximately 16.79% of Xenia Hotels & Resorts worth $194,885,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in XHR. Envestnet Asset Management Inc. increased its position in Xenia Hotels & Resorts by 77.6% in the 4th quarter. Envestnet Asset Management Inc. now owns 73,268 shares of the real estate investment trust’s stock worth $1,089,000 after buying an additional 32,025 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $324,000. Barclays PLC lifted its position in shares of Xenia Hotels & Resorts by 5.9% in the 4th quarter. Barclays PLC now owns 183,196 shares of the real estate investment trust’s stock worth $2,723,000 after acquiring an additional 10,134 shares during the period. Mariner LLC lifted its position in shares of Xenia Hotels & Resorts by 20.7% in the 4th quarter. Mariner LLC now owns 20,561 shares of the real estate investment trust’s stock worth $306,000 after acquiring an additional 3,525 shares during the period. Finally, XTX Topco Ltd bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter worth approximately $304,000. 92.43% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have commented on the company. Wells Fargo & Company raised their price objective on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 1st. Morgan Stanley reduced their price objective on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a research report on Tuesday, April 22nd. Finally, Wall Street Zen downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $12.25.

Xenia Hotels & Resorts Price Performance

Xenia Hotels & Resorts stock opened at $13.3550 on Wednesday. The business has a 50 day simple moving average of $12.82 and a 200 day simple moving average of $12.38. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The company has a market capitalization of $1.28 billion, a PE ratio of 21.20 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.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly 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. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The firm had revenue of $287.58 million during the quarter, compared to analysts’ expectations of $273.43 million. During the same period last year, the firm posted $0.52 EPS. The business’s revenue was up 5.4% on a year-over-year basis. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, sell-side analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts announced that its board has authorized a share buyback plan on Wednesday, May 14th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

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.