Mitsubishi UFJ Asset Management Co. Ltd. Grows Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 6.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,846 shares of the real estate investment trust’s stock after purchasing an additional 4,459 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.07% of Xenia Hotels & Resorts worth $833,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of XHR. Alyeska Investment Group L.P. boosted its position in Xenia Hotels & Resorts by 258.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust’s stock worth $24,599,000 after purchasing an additional 1,193,990 shares in the last quarter. Mesirow Institutional Investment Management Inc. purchased a new stake in Xenia Hotels & Resorts in the 4th quarter worth approximately $15,982,000. Invesco Ltd. raised its stake in shares of Xenia Hotels & Resorts by 73.5% during the 4th quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust’s stock worth $16,743,000 after buying an additional 477,231 shares during the period. Northern Trust Corp raised its stake in shares of Xenia Hotels & Resorts by 37.5% during the 4th quarter. Northern Trust Corp now owns 1,671,155 shares of the real estate investment trust’s stock worth $24,833,000 after buying an additional 455,757 shares during the period. Finally, BROOKFIELD Corp ON acquired a new position in shares of Xenia Hotels & Resorts during the 4th quarter worth approximately $6,218,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analysts Set New Price Targets

XHR has been the subject of several research analyst reports. Wall Street Zen downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Morgan Stanley reduced their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating for the company in a research note on Tuesday, April 22nd. Finally, Wells Fargo & Company upped their target price on Xenia Hotels & Resorts from $12.00 to $14.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $12.25.

Xenia Hotels & Resorts Stock Up 2.8%

NYSE XHR opened at $13.51 on Thursday. The business has a fifty day moving average price of $12.75 and a 200 day moving average price of $12.45. Xenia Hotels & Resorts, Inc. has a one year low of $8.55 and a one year high of $16.50. The company has a debt-to-equity ratio of 1.13, a quick ratio of 2.96 and a current ratio of 2.96. The company has a market cap of $1.29 billion, a P/E ratio of 21.44 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share (EPS) for the quarter, topping 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 business had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. During the same period last year, the company earned $0.52 EPS. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. Research analysts anticipate that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts announced that its Board of Directors has initiated a share repurchase program on Wednesday, May 14th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

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.