17,129,652 Shares in Xenia Hotels & Resorts, Inc. $XHR Bought by BlackRock Inc.

BlackRock Inc. bought a new position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,129,652 shares of the real estate investment trust’s stock, valued at approximately $348,760,000. BlackRock Inc. owned approximately 0.19% of Xenia Hotels & Resorts at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth about $1,636,000. LSV Asset Management raised its position in Xenia Hotels & Resorts by 99.4% in the 4th quarter. LSV Asset Management now owns 1,065,627 shares of the real estate investment trust’s stock valued at $15,068,000 after buying an additional 531,127 shares during the last quarter. Principal Financial Group Inc. raised its position in Xenia Hotels & Resorts by 26.6% in the 1st quarter. Principal Financial Group Inc. now owns 572,164 shares of the real estate investment trust’s stock valued at $8,485,000 after buying an additional 120,077 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its position in Xenia Hotels & Resorts by 803.6% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 310,850 shares of the real estate investment trust’s stock valued at $4,395,000 after buying an additional 276,450 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in Xenia Hotels & Resorts in the 1st quarter valued at approximately $870,000. Institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Stock Up 0.0%

XHR stock opened at $19.66 on Wednesday. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.17. The business has a 50 day moving average price of $20.18 and a two-hundred day moving average price of $17.53. The company has a market cap of $1.81 billion, a price-to-earnings ratio of -280.85 and a beta of 1.15. Xenia Hotels & Resorts, Inc. has a twelve month low of $11.75 and a twelve month high of $22.06.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.37. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%.The company had revenue of $295.49 million for the quarter, compared to analysts’ expectations of $302.39 million. During the same quarter in the prior year, the business posted $0.57 EPS. The business’s revenue was up 2.7% compared to the same quarter last year. Xenia Hotels & Resorts has set its FY 2026 guidance at 1.960-2.080 EPS. Analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on XHR shares. KeyCorp upped their price target on Xenia Hotels & Resorts from $16.00 to $21.00 and gave the stock an “overweight” rating in a research report on Thursday, June 11th. Wells Fargo & Company lifted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. BMO Capital Markets reissued an “outperform” rating and issued a $21.00 price objective on shares of Xenia Hotels & Resorts in a research report on Friday, June 12th. Finally, Weiss Ratings cut shares of Xenia Hotels & Resorts from a “hold (c+)” rating to a “hold (c-)” rating in a report on Thursday, August 13th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Xenia Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $20.25.

Xenia Hotels & Resorts 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.