Xenia Hotels & Resorts (NYSE:XHR) Reaches New 12-Month Low - Here's What Happened

Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) hit a new 52-week low during trading on Thursday . The stock traded as low as $10.47 and last traded at $10.55, with a volume of 519341 shares. The stock had previously closed at $11.80.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on XHR. Jefferies Financial Group lifted their target price on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a "buy" rating in a report on Thursday, January 2nd. KeyCorp dropped their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a research note on Monday, March 24th. StockNews.com lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Finally, Wells Fargo & Company dropped their target price on 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. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.13.

Xenia Hotels & Resorts Price Performance

The company has a 50 day moving average of $13.08 and a 200 day moving average of $14.37. The company has a debt-to-equity ratio of 1.07, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a market capitalization of $934.02 million, a price-to-earnings ratio of 40.04 and a beta of 1.38.

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 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to the consensus estimate of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. As a group, equities research analysts anticipate 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. Shareholders of record on Monday, March 31st will be given a $0.14 dividend. The ex-dividend date is Monday, March 31st. This is an increase from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 6.08%. Xenia Hotels & Resorts's dividend payout ratio is currently 373.33%.

Hedge Funds Weigh In On Xenia Hotels & Resorts

Several large investors have recently bought and sold shares of XHR. GAMMA Investing LLC boosted its position in shares of Xenia Hotels & Resorts by 1,623.5% during the 1st quarter. GAMMA Investing LLC now owns 19,475 shares of the real estate investment trust's stock worth $229,000 after acquiring an additional 18,345 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Xenia Hotels & Resorts by 61.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,688 shares of the real estate investment trust's stock worth $263,000 after purchasing an additional 6,753 shares during the last quarter. Employees Retirement System of Texas acquired a new position in Xenia Hotels & Resorts in the fourth quarter valued at approximately $2,601,000. GF Fund Management CO. LTD. purchased a new position in Xenia Hotels & Resorts in the fourth quarter valued at approximately $28,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Xenia Hotels & Resorts by 2.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 733,055 shares of the real estate investment trust's stock worth $10,893,000 after purchasing an additional 14,094 shares in the last quarter. 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.