Xenia Hotels & Resorts (NYSE:XHR) Issues Earnings Results

Xenia Hotels & Resorts (NYSE:XHR) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.37, Zacks reports. Xenia Hotels & Resorts had a net margin of 6.20% and a return on equity of 5.53%. The business had revenue of $295.49 million for the quarter, compared to the consensus estimate of $302.39 million. During the same period in the previous year, the firm earned $0.57 EPS. The company’s quarterly revenue was up 2.7% compared to the same quarter last year. Xenia Hotels & Resorts updated its FY 2026 guidance to 1.960-2.080 EPS.

Here are the key takeaways from Xenia Hotels & Resorts’ conference call:

• Second-quarter performance exceeded expectations: same-property RevPAR increased 5.6% to $206.54, driven by a 5.7% increase in ADR, while Adjusted EBITDAre reached $78.1 million and Adjusted FFO per share rose 7% to $0.61.
• Management raised full-year 2026 guidance, increasing the midpoint for Adjusted EBITDAre by $7 million to $273 million, RevPAR growth to 5.5%, total RevPAR growth to 5.75%, and Adjusted FFO per share to $2.02. July RevPAR is estimated to be up approximately 10% year over year.
• Second-half demand indicators are strong: group room revenue pace was up 12% year over year at the end of June, with more than three-quarters of expected second-half group business already booked, while August and September transient pace was up in the high-single-digit range.
• Same-property Hotel EBITDA margin declined 65 basis points to 28.7% as operating expenses grew faster than revenue. Headwinds included the absence of last year’s $1.5 million real-estate-tax refund, higher energy and credit-card costs, weaker banquet revenue, and start-up expenses at W Nashville’s repositioned food-and-beverage outlets.
• Xenia sold the underperforming 85-room Kimpton RiverPlace Hotel for $11 million and said the transaction market is becoming more active, but management expects near-term activity to remain focused primarily on individual properties and smaller portfolios rather than major corporate M&A.

Xenia Hotels & Resorts Stock Down 7.7%

Shares of NYSE XHR traded down $1.67 on Thursday, reaching $20.15. 1,441,953 shares of the company’s stock traded hands, compared to its average volume of 770,275. Xenia Hotels & Resorts has a 12 month low of $11.75 and a 12 month high of $22.06. The business’s 50 day simple moving average is $19.60 and its two-hundred day simple moving average is $16.91. The company has a market cap of $1.86 billion, a price-to-earnings ratio of 28.78 and a beta of 1.14. The company has a quick ratio of 2.05, a current ratio of 2.05 and a debt-to-equity ratio of 1.14.

Xenia Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Tuesday, June 30th. Xenia Hotels & Resorts’s dividend payout ratio is 80.00%.

Insider Activity

In other news, insider Atish Shah sold 120,000 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $17.00, for a total value of $2,040,000.00. Following the sale, the insider directly owned 250,805 shares of the company’s stock, valued at $4,263,685. The trade was a 32.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 4.40% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in XHR. Arrowstreet Capital Limited Partnership boosted its holdings in Xenia Hotels & Resorts by 30.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 2,704,360 shares of the real estate investment trust’s stock worth $37,104,000 after acquiring an additional 633,820 shares in the last quarter. UBS Group AG raised its position in shares of Xenia Hotels & Resorts by 275.1% in the 3rd quarter. UBS Group AG now owns 549,701 shares of the real estate investment trust’s stock worth $7,542,000 after purchasing an additional 403,149 shares during the last quarter. Alliancebernstein L.P. raised its position in shares of Xenia Hotels & Resorts by 44.8% in the 3rd quarter. Alliancebernstein L.P. now owns 975,081 shares of the real estate investment trust’s stock worth $13,378,000 after purchasing an additional 301,578 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Xenia Hotels & Resorts by 47.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 929,819 shares of the real estate investment trust’s stock worth $12,758,000 after purchasing an additional 297,954 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Xenia Hotels & Resorts by 3.1% in the 3rd quarter. Wellington Management Group LLP now owns 9,044,142 shares of the real estate investment trust’s stock worth $124,086,000 after purchasing an additional 273,876 shares in the last quarter. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Analyst Ratings Changes

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

About Xenia Hotels & Resorts

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.