Kennedy Capital Management LLC Cuts Stock Holdings in Xenia Hotels & Resorts, Inc. $XHR

by · The Markets Daily

Kennedy Capital Management LLC reduced its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR – Free Report) by 14.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,827 shares of the real estate investment trust’s stock after selling 78,649 shares during the period. Kennedy Capital Management LLC’s holdings in Xenia Hotels & Resorts were worth $5,742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in Xenia Hotels & Resorts by 14.4% during the 2nd quarter. JPMorgan Chase & Co. now owns 2,196,763 shares of the real estate investment trust’s stock worth $27,613,000 after purchasing an additional 276,523 shares in the last quarter. Millennium Management LLC grew its position in shares of Xenia Hotels & Resorts by 17.8% during the first quarter. Millennium Management LLC now owns 2,126,198 shares of the real estate investment trust’s stock worth $25,004,000 after buying an additional 321,343 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Xenia Hotels & Resorts by 76.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 2,070,540 shares of the real estate investment trust’s stock worth $26,027,000 after buying an additional 898,176 shares during the period. Woodline Partners LP raised its holdings in Xenia Hotels & Resorts by 138.9% in the first quarter. Woodline Partners LP now owns 1,650,570 shares of the real estate investment trust’s stock valued at $19,411,000 after acquiring an additional 959,641 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC raised its holdings in Xenia Hotels & Resorts by 3.9% in the first quarter. Cramer Rosenthal Mcglynn LLC now owns 1,013,394 shares of the real estate investment trust’s stock valued at $11,918,000 after acquiring an additional 37,662 shares in the last quarter. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on XHR

Xenia Hotels & Resorts Trading Up 0.3%

Shares of Xenia Hotels & Resorts stock 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 company has a fifty day simple moving average of $13.35 and a 200-day simple moving average of $13.20. The stock has a market cap of $1.28 billion, a price-to-earnings ratio of 24.12 and a beta of 1.25. Xenia Hotels & Resorts, Inc. has a 12-month low of $8.55 and a 12-month high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) last announced its quarterly earnings results on Friday, October 31st. The real estate investment trust reported $0.23 EPS for the quarter, topping the consensus estimate of ($0.16) by $0.39. Xenia Hotels & Resorts had a net margin of 5.24% and a return on equity of 4.50%. The firm had revenue of $236.42 million for the quarter, compared to analyst estimates of $236.16 million. During the same period last year, the business earned $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 EPS for the current fiscal year.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.14 dividend. The ex-dividend date of this dividend 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 dividend payout ratio is 100.00%.

About Xenia Hotels & Resorts

(Free Report)

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.

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