American Century Companies Inc. boosted its stake in shares of Xenia Hotels & Resorts Inc (NYSE:XHR) by 107.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 354,345 shares of the real estate investment trust’s stock after buying an additional 183,932 shares during the quarter. American Century Companies Inc. owned approximately 0.33% of Xenia Hotels & Resorts worth $7,459,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. MPS Loria Financial Planners LLC bought a new position in Xenia Hotels & Resorts during the second quarter valued at about $111,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Xenia Hotels & Resorts by 8.2% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,568 shares of the real estate investment trust’s stock worth $147,000 after buying an additional 571 shares in the last quarter. New York State Teachers Retirement System purchased a new stake in shares of Xenia Hotels & Resorts in the first quarter worth about $154,000. GAM Holding AG raised its stake in Xenia Hotels & Resorts by 1.1% in 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 in the last quarter. Finally, Ameritas Investment Partners Inc. raised its stake in Xenia Hotels & Resorts by 5.8% in the second quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock valued at $183,000 after purchasing an additional 517 shares in the last quarter. Institutional investors own 68.60% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. TheStreet downgraded shares of Xenia Hotels & Resorts from a “b-” rating to a “c+” rating in a research note on Tuesday, September 26th. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “sell” rating in a report on Wednesday. B. Riley reiterated a “hold” rating and issued a $23.00 price target on shares of Xenia Hotels & Resorts in a report on Thursday, November 9th. Finally, Wells Fargo & Company boosted their target price on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an “outperform” rating in a report on Friday, October 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $21.86.
Shares of Xenia Hotels & Resorts Inc (NYSE XHR) traded down $0.08 during trading hours on Wednesday, hitting $21.50. The company had a trading volume of 266,678 shares, compared to its average volume of 517,255. Xenia Hotels & Resorts Inc has a 52 week low of $16.21 and a 52 week high of $22.30. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.78. The company has a market cap of $2,309.64, a P/E ratio of 10.40, a PEG ratio of 2.26 and a beta of 0.80.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, November 7th. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.38. The business had revenue of $223.28 million during the quarter, compared to the consensus estimate of $219.67 million. Xenia Hotels & Resorts had a return on equity of 8.34% and a net margin of 15.23%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 EPS. research analysts predict that Xenia Hotels & Resorts Inc will post 1.92 EPS for the current year.
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Xenia Hotels & Resorts Company Profile
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 October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 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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