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

Franklin Resources Inc. grew its holdings in Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 423.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 87,674 shares of the real estate investment trust’s stock after purchasing an additional 70,923 shares during the quarter. Franklin Resources Inc.’s holdings in Xenia Hotels & Resorts were worth $1,102,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of XHR. BI Asset Management Fondsmaeglerselskab A S purchased a new position in Xenia Hotels & Resorts during the first quarter valued at approximately $68,000. GAMMA Investing LLC boosted its position in Xenia Hotels & Resorts by 288.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,438 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 4,782 shares in the last quarter. AdvisorShares Investments LLC increased its holdings in shares of Xenia Hotels & Resorts by 38.2% in the 2nd 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 period. PNC Financial Services Group Inc. increased its holdings in shares of Xenia Hotels & Resorts by 79.2% in the 2nd 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 period. Finally, Vestmark Advisory Solutions Inc. raised its position in shares of Xenia Hotels & Resorts by 21.0% in the 1st quarter. Vestmark Advisory Solutions Inc. now owns 13,007 shares of the real estate investment trust’s stock worth $153,000 after acquiring an additional 2,256 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Xenia Hotels & Resorts Price Performance

Shares of XHR stock opened at $13.51 on Friday. Xenia Hotels & Resorts, Inc. has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. 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 quick ratio of 2.51 and a current ratio of 2.51. The stock’s 50-day simple moving average is $13.35 and its 200-day simple moving average is $13.20.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Friday, October 31st. The real estate investment trust reported $0.23 EPS for the quarter, beating the consensus estimate of ($0.16) by $0.39. The firm had revenue of $236.42 million during the quarter, compared to analyst estimates 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 last year, the firm posted $0.25 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.680-1.76 EPS. As a group, equities analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on XHR. Wall Street Zen downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Sunday, November 9th. BMO Capital Markets raised their price target 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. Wells Fargo & Company boosted their price objective 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Xenia Hotels & Resorts in a research report on Monday. Three research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $13.40.

Xenia Hotels & Resorts Company 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.