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

Other institutional investors also recently added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new position in Xenia Hotels & Resorts in the 4th quarter worth about $28,000. Allworth Financial LP increased 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 buying an additional 1,798 shares during the period. Lazard Asset Management LLC purchased a new position in Xenia Hotels & Resorts during the 4th quarter valued at about $47,000. Vestmark Advisory Solutions Inc. increased its position in 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 period. Finally, Mackenzie Financial Corp purchased a new position in Xenia Hotels & Resorts during the 1st 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 reports. BMO Capital Markets raised their target price on shares of Xenia Hotels & Resorts from $15.00 to $16.00 and gave the company an "outperform" rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Wells Fargo & Company lifted their price objective on shares of Xenia Hotels & Resorts from $14.00 to $15.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Hold" and a consensus price target of $13.20.

Xenia Hotels & Resorts Stock Performance

NYSE XHR traded down $0.08 on Tuesday, hitting $14.23. 92,867 shares of the company's stock traded hands, compared to its average volume of 956,292. 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 1-year low of $8.55 and a 1-year high of $16.50. The firm's 50-day moving average price is $13.30 and its two-hundred day moving average price is $12.32. The firm has a market capitalization of $1.36 billion, a PE ratio of 22.58 and a beta of 1.72.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings data on Friday, August 1st. The real estate investment trust reported $0.57 EPS for the quarter, beating the consensus estimate of $0.43 by $0.14. Xenia Hotels & Resorts had a net margin of 5.86% and a return on equity of 4.95%. The business had revenue of $287.58 million during the quarter, compared to analysts' expectations of $273.43 million. During the same period in the previous year, the business posted $0.52 EPS. The business's quarterly revenue was up 5.4% compared to the same quarter last year. 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 EPS for the current year.

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