Xenia Hotels & Resorts (NYSE:XHR) Hits New 12-Month Low – Here’s Why

Xenia Hotels & Resorts, Inc. (NYSE:XHR) shares reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $12.04 and last traded at $12.20, with a volume of 205407 shares traded. The stock had previously closed at $12.64.

Analyst Upgrades and Downgrades

XHR has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group raised their target price on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $17.38.

Xenia Hotels & Resorts Stock Performance

The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 54.24 and a beta of 1.47. The company has a 50-day moving average price of $14.05 and a 200-day moving average price of $14.61. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. During the same quarter in the prior year, the firm posted $0.41 EPS. Xenia Hotels & Resorts’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.14 dividend. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a yield of 4.49%. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently bought and sold shares of XHR. GF Fund Management CO. LTD. acquired a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth $28,000. Smartleaf Asset Management LLC boosted its position in Xenia Hotels & Resorts by 500.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,657 shares during the period. Creekmur Asset Management LLC acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth about $30,000. Loomis Sayles & Co. L P grew its stake in Xenia Hotels & Resorts by 3,146.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 1,982 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Xenia Hotels & Resorts by 2,492.9% in the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 2,443 shares during the period. Hedge funds and other institutional investors own 92.43% of the company’s stock.

About Xenia Hotels & Resorts

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.