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

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

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on XHR shares. Wells Fargo & Company lowered 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. StockNews.com raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group increased 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $17.38.

Xenia Hotels & Resorts Stock Down 2.9 %

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 firm has a market cap of $1.24 billion, a price-to-earnings ratio of 53.34 and a beta of 1.47. The business has a fifty day simple moving average of $14.09 and a 200 day simple moving average of $14.62.

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

Xenia Hotels & Resorts Increases Dividend

The business also recently declared 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. This represents a $0.56 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is currently 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XHR. Alyeska Investment Group L.P. increased its stake in Xenia Hotels & Resorts by 258.8% during the fourth quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust’s stock worth $24,599,000 after acquiring an additional 1,193,990 shares during the last quarter. Mesirow Institutional Investment Management Inc. acquired a new stake in Xenia Hotels & Resorts during the fourth quarter worth $15,982,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Xenia Hotels & Resorts by 370.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 718,961 shares of the real estate investment trust’s stock worth $10,619,000 after acquiring an additional 566,144 shares during the last quarter. Invesco Ltd. increased its stake in Xenia Hotels & Resorts by 73.5% during the fourth quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust’s stock worth $16,743,000 after acquiring an additional 477,231 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in 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 acquiring an additional 465,141 shares during the last quarter. Institutional investors and hedge funds 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.