Xenia Hotels & Resorts (NYSE:XHR) Sets New 12-Month Low – What’s Next?

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s stock price reached a new 52-week low on Thursday . The company traded as low as $12.28 and last traded at $12.29, with a volume of 812889 shares. The stock had previously closed at $12.78.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on XHR shares. Wells Fargo & Company reduced their price objective 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 upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upped their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Xenia Hotels & Resorts has a consensus rating of “Moderate Buy” and an average price target of $17.38.

Xenia Hotels & Resorts Price Performance

The stock’s 50-day moving average price is $14.26 and its 200 day moving average price is $14.66. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 54.81 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.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. 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 business earned $0.41 earnings per share. Equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.44%. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s dividend payout ratio is currently 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Hedge funds have recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at about $28,000. Loomis Sayles & Co. L P boosted its stake in Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,982 shares during the period. Smartleaf Asset Management LLC boosted its stake in Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,657 shares during the period. Creekmur Asset Management LLC purchased a new position in Xenia Hotels & Resorts during the fourth quarter worth about $30,000. Finally, Fifth Third Bancorp boosted its stake in Xenia Hotels & Resorts by 2,492.9% during the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after buying 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.