Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $12.01 and last traded at $12.03, with a volume of 364922 shares changing hands. The stock had previously closed at $12.30.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the company. Wells Fargo & Company cut their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. KeyCorp dropped their price target on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating on the stock in a research report on Monday, March 24th. StockNews.com cut shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Monday, March 24th. Finally, Jefferies Financial Group upped 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 note on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.13.
Check Out Our Latest Research Report on Xenia Hotels & Resorts
Xenia Hotels & Resorts Stock Performance
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 cap of $1.19 billion, a P/E ratio of 51.15 and a beta of 1.47. The firm's 50-day moving average is $13.80 and its two-hundred day moving average is $14.58.
Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates 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%. Xenia Hotels & Resorts's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS. As a group, research 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 declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.14 dividend. This is a positive change 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 dividend on an annualized basis and a dividend yield of 4.76%. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 373.33%.
Institutional Trading of Xenia Hotels & Resorts
Several large investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its holdings 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 valued at $143,354,000 after acquiring an additional 465,141 shares during the period. State Street Corp lifted its position in shares of Xenia Hotels & Resorts by 1.8% during the 3rd quarter. State Street Corp now owns 6,152,028 shares of the real estate investment trust's stock worth $91,597,000 after purchasing an additional 108,798 shares during the last quarter. Geode Capital Management LLC boosted its stake in Xenia Hotels & Resorts by 2.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,649,168 shares of the real estate investment trust's stock valued at $39,135,000 after purchasing an additional 60,323 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Xenia Hotels & Resorts by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock valued at $35,102,000 after buying an additional 30,186 shares during the last quarter. Finally, Millennium Management LLC increased its position in Xenia Hotels & Resorts by 3.0% in the 4th quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust's stock worth $26,820,000 after buying an additional 52,690 shares during the period. 92.43% of the stock is owned by institutional investors.
About Xenia Hotels & Resorts
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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.
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