American Century Companies Inc. Takes $470,000 Position in Xenia Hotels & Resorts, Inc. (NYSE:XHR)

American Century Companies Inc. purchased a new stake in shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 31,612 shares of the real estate investment trust's stock, valued at approximately $470,000.

Other hedge funds have also modified their holdings of the company. State Street Corp grew its position in Xenia Hotels & Resorts by 1.8% in the third quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock worth $91,597,000 after acquiring an additional 108,798 shares in the last quarter. Geode Capital Management LLC raised its holdings in Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock valued at $39,135,000 after buying an additional 60,323 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Xenia Hotels & Resorts by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after buying an additional 30,186 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Xenia Hotels & Resorts by 2.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock valued at $24,555,000 after acquiring an additional 40,807 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Xenia Hotels & Resorts by 2.7% in the 4th quarter. Principal Financial Group Inc. now owns 493,798 shares of the real estate investment trust's stock worth $7,338,000 after purchasing an additional 13,178 shares during the last quarter. 92.43% of the stock is owned by institutional investors and hedge funds.

Xenia Hotels & Resorts Stock Performance

Shares of NYSE XHR traded up $0.08 during trading hours on Thursday, reaching $9.80. The stock had a trading volume of 68,728 shares, compared to its average volume of 853,429. Xenia Hotels & Resorts, Inc. has a twelve month low of $8.55 and a twelve month high of $16.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20. The business's fifty day moving average is $12.40 and its two-hundred day moving average is $14.13. The company has a market cap of $994.07 million, a price-to-earnings ratio of 42.70 and a beta of 1.38.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.34. The company had revenue of $261.80 million for the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The company's quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. As a group, research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 5.71%. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio is currently 373.33%.

Analyst Ratings Changes

A number of research firms have weighed in on XHR. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. StockNews.com downgraded Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company dropped their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, KeyCorp lowered their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday, March 24th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of "Hold" and a consensus price target of $14.63.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust, which engages in the investment of 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.