Arrowstreet Capital Limited Partnership Buys 898,176 Shares of Xenia Hotels & Resorts, Inc. $XHR

Arrowstreet Capital Limited Partnership raised its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 76.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,070,540 shares of the real estate investment trust’s stock after buying an additional 898,176 shares during the period. Arrowstreet Capital Limited Partnership owned about 2.16% of Xenia Hotels & Resorts worth $26,027,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Mackenzie Financial Corp purchased a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at approximately $154,000. XTX Topco Ltd raised its position in Xenia Hotels & Resorts by 10.4% during the 1st quarter. XTX Topco Ltd now owns 22,610 shares of the real estate investment trust’s stock valued at $266,000 after purchasing an additional 2,137 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Xenia Hotels & Resorts by 6.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 70,846 shares of the real estate investment trust’s stock worth $833,000 after buying an additional 4,459 shares during the period. Nuveen LLC bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter worth $5,404,000. Finally, Public Sector Pension Investment Board grew its position in shares of Xenia Hotels & Resorts by 27.3% during the 1st quarter. Public Sector Pension Investment Board now owns 322,897 shares of the real estate investment trust’s stock worth $3,797,000 after buying an additional 69,199 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Xenia Hotels & Resorts Trading Up 0.3%

Shares of NYSE XHR opened at $13.51 on Friday. The company has a current ratio of 2.51, a quick ratio of 2.51 and a debt-to-equity ratio of 1.16. The stock has a market capitalization of $1.28 billion, a PE ratio of 24.12 and a beta of 1.25. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50. The stock has a fifty day simple moving average of $13.35 and a 200-day simple moving average of $13.21.

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

Xenia Hotels & Resorts Dividend Announcement

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

About Xenia Hotels & Resorts

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.