Xenia Hotels & Resorts (NYSE:XHR) Sets New 1-Year Low - Time to Sell?

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) 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 trading hands. The stock had previously closed at $12.78.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on XHR shares. Wells Fargo & Company dropped their price target 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 lifted their price target 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. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat.com, Xenia Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $17.38.

Xenia Hotels & Resorts Stock Up 2.4 %

The firm has a 50 day simple moving average of $14.26 and a two-hundred day simple moving average of $14.67. 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 stock has a market capitalization of $1.28 billion, a P/E ratio of 54.81 and a beta of 1.47.

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Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) 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 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 period in the prior year, the company earned $0.41 earnings per share. The company's quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.14 per share. 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. This represents a $0.56 annualized dividend and a yield of 4.44%. Xenia Hotels & Resorts's dividend payout ratio is presently 373.33%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of XHR. Victory Capital Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 66.7% during the third quarter. Victory Capital Management Inc. now owns 105,426 shares of the real estate investment trust's stock worth $1,557,000 after buying an additional 42,191 shares in the last quarter. Metis Global Partners LLC acquired a new position in shares of Xenia Hotels & Resorts during the third quarter worth $155,000. Thrivent Financial for Lutherans increased its holdings in shares of Xenia Hotels & Resorts by 47.0% during the third quarter. Thrivent Financial for Lutherans now owns 198,545 shares of the real estate investment trust's stock worth $2,933,000 after buying an additional 63,490 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of Xenia Hotels & Resorts during the third quarter worth $356,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Xenia Hotels & Resorts by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust's stock worth $34,443,000 after buying an additional 59,212 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors and hedge funds.

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.