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.
Read Our Latest Analysis on XHR
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.
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
(
Get Free Report)
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.
See Also
Before you consider Xenia Hotels & Resorts, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xenia Hotels & Resorts wasn't on the list.
While Xenia Hotels & Resorts currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
