American Century Companies Inc. Purchases 74,525 Shares of Xenia Hotels & Resorts, Inc. $XHR

American Century Companies Inc. increased its position in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) by 235.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,137 shares of the real estate investment trust’s stock after purchasing an additional 74,525 shares during the period. American Century Companies Inc. owned 0.11% of Xenia Hotels & Resorts worth $1,248,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth $28,000. Allworth Financial LP lifted its stake in Xenia Hotels & Resorts by 231.4% in the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,798 shares in the last quarter. Lazard Asset Management LLC bought a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at about $47,000. Vestmark Advisory Solutions Inc. boosted its holdings in shares of Xenia Hotels & Resorts by 21.0% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 13,007 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 2,256 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new position in shares of Xenia Hotels & Resorts during the first quarter valued at about $154,000. Hedge funds and other institutional investors own 92.43% of the company’s stock.

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 27th. BMO Capital Markets boosted their price objective on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Wall Street Zen lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.20.

Xenia Hotels & Resorts Stock Performance

Shares of Xenia Hotels & Resorts stock opened at $14.30 on Thursday. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 1.13. The stock’s fifty day moving average is $13.19 and its two-hundred day moving average is $12.35. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50. The company has a market capitalization of $1.37 billion, a PE ratio of 22.69 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Friday, August 1st. The real estate investment trust reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.14. The business had revenue of $287.58 million during the quarter, compared to the consensus estimate of $273.43 million. Xenia Hotels & Resorts had a return on equity of 4.95% and a net margin of 5.86%.The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the company earned $0.52 earnings per share. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. As a group, analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts declared that its Board of Directors has approved a share buyback program on Wednesday, May 14th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase up to 8.3% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

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.