American Century Companies Inc. Takes $3.30 Million Position in Xenia Hotels & Resorts, Inc. (XHR)

American Century Companies Inc. bought a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 170,413 shares of the real estate investment trust’s stock, valued at approximately $3,301,000. American Century Companies Inc. owned about 0.16% of Xenia Hotels & Resorts as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. RFG Advisory Group LLC purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $305,000. GAM Holding AG lifted its holdings in shares of Xenia Hotels & Resorts by 1.1% during the second quarter. GAM Holding AG now owns 9,100 shares of the real estate investment trust’s stock valued at $176,000 after purchasing an additional 100 shares during the last quarter. Virginia Retirement Systems ET AL lifted its holdings in shares of Xenia Hotels & Resorts by 1,705.0% during the second quarter. Virginia Retirement Systems ET AL now owns 180,500 shares of the real estate investment trust’s stock valued at $3,496,000 after purchasing an additional 170,500 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at approximately $1,877,000. Finally, BNP Paribas Arbitrage SA lifted its holdings in shares of Xenia Hotels & Resorts by 16.8% during the second quarter. BNP Paribas Arbitrage SA now owns 47,431 shares of the real estate investment trust’s stock valued at $919,000 after purchasing an additional 6,827 shares during the last quarter. Hedge funds and other institutional investors own 64.98% of the company’s stock.

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XHR has been the subject of several recent research reports. Instinet reiterated a “buy” rating and set a $22.00 target price on shares of Xenia Hotels & Resorts in a report on Tuesday, August 29th. Morgan Stanley lifted their target price on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a report on Friday, June 16th. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, August 9th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a report on Wednesday, June 21st. Finally, BidaskClub lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 24th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $21.25.

Xenia Hotels & Resorts, Inc. (NYSE XHR) opened at 20.13 on Wednesday. The stock has a market capitalization of $2.15 billion, a price-to-earnings ratio of 14.77 and a beta of 0.77. Xenia Hotels & Resorts, Inc. has a one year low of $14.84 and a one year high of $20.35. The company has a 50-day moving average of $20.15 and a 200-day moving average of $18.05.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.41. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The firm had revenue of $244.39 million for the quarter, compared to the consensus estimate of $231.65 million. During the same period last year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was down 6.5% on a year-over-year basis. On average, equities analysts forecast that Xenia Hotels & Resorts, Inc. will post $0.90 EPS for the current fiscal year.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.

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Institutional Ownership by Quarter for Xenia Hotels & Resorts (NYSE:XHR)

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