Xenia Hotels & Resorts (NYSE:XHR) Hits New 1-Year Low - Here's Why

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) reached a new 52-week low on Friday . The stock 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.

Analyst Ratings Changes

Several equities research analysts recently commented on XHR shares. StockNews.com cut Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Monday. 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 research note on Tuesday, February 18th. KeyCorp reduced their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday. Finally, Jefferies Financial Group increased their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $17.13.

Xenia Hotels & Resorts Trading Down 2.0 %

The firm has a market capitalization of $1.26 billion, a P/E ratio of 54.00 and a beta of 1.47. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07. The stock has a 50 day simple moving average of $14.01 and a 200-day simple moving average of $14.61.

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Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) 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 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 analyst estimates of $263.47 million. During the same period in the previous year, the business posted $0.41 earnings per share. The firm's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research 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 announced 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 is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date is Monday, March 31st. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 373.33%.

Institutional Trading of Xenia Hotels & Resorts

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

Xenia Hotels & Resorts Company Profile

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.