Franklin Resources Inc. Buys 70,923 Shares of Xenia Hotels & Resorts, Inc. $XHR

Franklin Resources Inc. grew its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 423.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 87,674 shares of the real estate investment trust’s stock after purchasing an additional 70,923 shares during the period. Franklin Resources Inc. owned approximately 0.09% of Xenia Hotels & Resorts worth $1,102,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at approximately $68,000. GAMMA Investing LLC boosted its stake in Xenia Hotels & Resorts by 288.8% during the second quarter. GAMMA Investing LLC now owns 6,438 shares of the real estate investment trust’s stock worth $81,000 after buying an additional 4,782 shares during the period. AdvisorShares Investments LLC increased its position in Xenia Hotels & Resorts by 38.2% during the second quarter. AdvisorShares Investments LLC now owns 8,400 shares of the real estate investment trust’s stock valued at $106,000 after acquiring an additional 2,320 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Xenia Hotels & Resorts by 79.2% during the second quarter. PNC Financial Services Group Inc. now owns 8,557 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 3,782 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its stake in shares of Xenia Hotels & Resorts by 21.0% in the first 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 during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Trading Up 0.3%

Shares of XHR opened at $13.51 on Friday. Xenia Hotels & Resorts, Inc. has a 1-year low of $8.55 and a 1-year high of $16.50. The company has a 50-day moving average of $13.35 and a 200 day moving average of $13.20. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 24.12 and a beta of 1.25. The company has a debt-to-equity ratio of 1.16, a current ratio of 2.51 and a quick ratio of 2.51.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Friday, October 31st. The real estate investment trust reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.39. The business had revenue of $236.42 million for the quarter, compared to the consensus estimate of $236.16 million. Xenia Hotels & Resorts had a net margin of 5.24% and a return on equity of 4.50%. During the same period in the prior year, the firm earned $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. On average, research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $0.56 dividend on an annualized basis and a yield of 4.1%. Xenia Hotels & Resorts’s payout ratio is 100.00%.

Analyst Upgrades and Downgrades

XHR has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price target on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “overweight” rating in a research note on Monday, December 1st. BMO Capital Markets raised their price objective on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Monday. Finally, Wall Street Zen cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Sunday, November 9th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.40.

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.