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

Xenia Hotels & Resorts, Inc. (NYSE:XHR) shares reached a new 52-week low during trading on Thursday . The stock traded as low as $10.47 and last traded at $10.55, with a volume of 519341 shares. The stock had previously closed at $11.80.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lowered their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. KeyCorp reduced their price target on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday. Finally, Jefferies Financial Group lifted 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. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.13.

Xenia Hotels & Resorts Trading Down 6.8 %

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 stock has a market cap of $994.78 million, a P/E ratio of 42.68 and a beta of 1.38. The firm’s fifty day moving average price is $13.42 and its two-hundred day moving average price is $14.48.

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 for the quarter, topping analysts’ consensus estimates of $0.05 by $0.34. The business had revenue of $261.80 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the company earned $0.41 EPS. As a group, equities research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 31st. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 5.71%. Xenia Hotels & Resorts’s payout ratio is presently 373.33%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently made changes to their positions in XHR. Wealth Enhancement Advisory Services LLC grew its position in Xenia Hotels & Resorts by 61.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,688 shares of the real estate investment trust’s stock worth $263,000 after acquiring an additional 6,753 shares in the last quarter. Employees Retirement System of Texas bought a new stake in Xenia Hotels & Resorts during the fourth quarter worth about $2,601,000. GF Fund Management CO. LTD. purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter worth about $28,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Xenia Hotels & Resorts by 2.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 733,055 shares of the real estate investment trust’s stock valued at $10,893,000 after purchasing an additional 14,094 shares during the last quarter. Finally, Woodline Partners LP raised its holdings in shares of Xenia Hotels & Resorts by 58.1% during the 4th quarter. Woodline Partners LP now owns 690,929 shares of the real estate investment trust’s stock valued at $10,267,000 after buying an additional 253,969 shares in the last quarter. 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.