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 Thursday . The stock traded as low as $12.01 and last traded at $12.03, with a volume of 364922 shares traded. The stock had previously closed at $12.30.

Analysts Set New Price Targets

XHR has been the subject of several recent research reports. KeyCorp dropped their price objective on shares of 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. Wells Fargo & Company cut their price objective 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. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday, March 24th. Finally, Jefferies Financial Group upped their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, January 2nd. One research 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. According to data from MarketBeat, Xenia Hotels & Resorts currently has a consensus rating of “Hold” and a consensus price target of $17.13.

Xenia Hotels & Resorts Stock Performance

The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 51.33 and a beta of 1.47. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07. The company has a 50 day moving average of $13.80 and a 200 day moving average of $14.56.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. During the same quarter in the previous year, the firm earned $0.41 EPS. The company’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.74%. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date is Monday, March 31st. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several large investors have recently added to or reduced their stakes in XHR. Wellington Management Group LLP raised its holdings in shares of Xenia Hotels & Resorts by 5.0% during the third quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after purchasing an additional 465,141 shares during the period. State Street Corp raised its position in shares of Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust’s stock worth $91,597,000 after purchasing an additional 108,798 shares during the period. Geode Capital Management LLC boosted its position in Xenia Hotels & Resorts by 2.3% during the 3rd 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 purchasing an additional 60,323 shares during the period. Charles Schwab Investment Management Inc. grew its stake in Xenia Hotels & Resorts by 1.3% during the 4th 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. Finally, Millennium Management LLC increased its position in Xenia Hotels & Resorts by 3.0% in the fourth quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust’s stock worth $26,820,000 after buying an additional 52,690 shares during the period. 92.43% of the stock is currently owned by institutional investors.

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.