Xenia Hotels & Resorts (NYSE:XHR) Reaches New 1-Year Low - What's Next?

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) shares hit 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 commented on the stock. StockNews.com raised shares of Xenia Hotels & Resorts from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Wells Fargo & Company cut 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 report on Tuesday, February 18th. Finally, Jefferies Financial Group increased their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a "buy" rating in a 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 MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $17.38.

Xenia Hotels & Resorts Stock Up 2.4 %

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 capitalization of $1.28 billion, a price-to-earnings ratio of 54.81 and a beta of 1.47. The firm's 50-day moving average price is $14.26 and its 200 day moving average price is $14.66.

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Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $261.80 million for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.41 earnings per share. Sell-side analysts expect that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current 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 paid a dividend of $0.14 per share. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 4.44%. Xenia Hotels & Resorts's dividend payout ratio is presently 373.33%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Large investors have recently bought and sold shares of the stock. Geode Capital Management LLC raised its stake in Xenia Hotels & Resorts by 2.3% during the third quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock worth $39,135,000 after purchasing an additional 60,323 shares during the period. Barclays PLC raised its stake in shares of Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock valued at $2,555,000 after acquiring an additional 129,328 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Xenia Hotels & Resorts by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust's stock valued at $34,443,000 after acquiring an additional 59,212 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Xenia Hotels & Resorts by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock valued at $24,555,000 after acquiring an additional 40,807 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Xenia Hotels & Resorts by 370.5% in the 3rd 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 valued at $10,619,000 after acquiring an additional 566,144 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.