
Xenia Hotels & Resorts (XHR) Is Up 7.8% After Retiring Over 25% Of Shares Through Buybacks

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Xenia Hotels & Resorts completed a major share buyback, retiring over 25% of its shares, which increased each remaining investor's claim on future cash flows and earnings. The company repurchased 3,717,939 shares for $48.91 million recently, totaling 28,230,533 shares for $377.5 million since 2015. This move, alongside a reaffirmed $0.14 quarterly dividend, highlights Xenia's focus on capital returns amid moderating guidance and risks from softer leisure demand and wage inflation.
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