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

Key Points

• American Century Companies Inc. has significantly increased its stake in Xenia Hotels & Resorts by 235.7%, now owning a total of 106,137 shares valued at approximately $1.25 million.
• Wall Street analysts project growth for Xenia Hotels & Resorts, with Wells Fargo raising its target price to $15.00 and BMO Capital Markets to $16.00, although one analyst has downgraded the stock to a "hold" rating.
• Xenia Hotels & Resorts reported earnings of $0.57 per share for the latest quarter, exceeding expectations, and plans to buy back up to $100 million in shares, signaling confidence in its valuation.

American Century Companies Inc. boosted its holdings in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) by 235.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 106,137 shares of the real estate investment trust's stock after acquiring an additional 74,525 shares during the quarter. American Century Companies Inc. owned 0.11% of Xenia Hotels & Resorts worth $1,248,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth $28,000. Allworth Financial LP grew its holdings in Xenia Hotels & Resorts by 231.4% during the 1st quarter. Allworth Financial LP now owns 2,575 shares of the real estate investment trust's stock valued at $30,000 after buying 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 $47,000. Vestmark Advisory Solutions Inc. lifted its position in Xenia Hotels & Resorts by 21.0% during the first quarter. Vestmark Advisory Solutions Inc. now owns 13,007 shares of the real estate investment trust's stock valued at $153,000 after buying an additional 2,256 shares during the period. Finally, Mackenzie Financial Corp bought a new position in shares of Xenia Hotels & Resorts during the 1st quarter valued at $154,000. Institutional investors and hedge funds own 92.43% of the company's stock.

Analyst Ratings Changes

XHR has been the subject of a number of analyst reports. Wells Fargo & Company upped their target price on Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. BMO Capital Markets upped their price target on Xenia Hotels & Resorts from $15.00 to $16.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $13.20.

Xenia Hotels & Resorts Stock Performance

NYSE:XHR traded down $0.10 during trading hours on Monday, reaching $14.31. The company had a trading volume of 569,575 shares, compared to its average volume of 958,488. The firm's 50 day moving average price is $13.26 and its 200-day moving average price is $12.32. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 22.69 and a beta of 1.72. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 1.13. Xenia Hotels & Resorts, Inc. has a 52 week low of $8.55 and a 52 week high of $16.50.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $287.58 million for the quarter, compared to analysts' expectations of $273.43 million. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The business's quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.52 EPS. Xenia Hotels & Resorts has set its FY 2025 guidance at 1.660-1.800 EPS. On average, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts announced that its board has approved a share buyback plan on Wednesday, May 14th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to purchase up to 8.3% of its shares through open market purchases. Shares buyback plans are typically an indication 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.