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

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $8.55 and last traded at $10.56, with a volume of 2420255 shares traded. The stock had previously closed at $9.22.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on XHR. KeyCorp decreased their price objective on shares of 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 lowered Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research note on Wednesday, April 2nd. Wells Fargo & Company lowered their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an "overweight" rating on the stock in a research report on Tuesday, February 18th. Finally, Jefferies Financial Group cut Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $18.00 to $10.00 in a research report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $14.63.

Xenia Hotels & Resorts Stock Down 0.3 %

The company's 50 day moving average is $12.61 and its two-hundred day moving average is $14.19. 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 company has a market capitalization of $987.48 million, a PE ratio of 42.35 and a beta of 1.38.

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, beating the consensus estimate of $0.05 by $0.34. The firm had revenue of $261.80 million for 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 company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.41 EPS. On average, analysts anticipate 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 given a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 5.75%. The ex-dividend date is Monday, March 31st. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's payout ratio is 373.33%.

Institutional Trading of Xenia Hotels & Resorts

A number of hedge funds and other institutional investors have recently bought and sold shares of XHR. GF Fund Management CO. LTD. purchased a new position in Xenia Hotels & Resorts in the 4th quarter worth about $28,000. Smartleaf Asset Management LLC grew its stake in Xenia Hotels & Resorts by 500.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts during the fourth quarter worth approximately $30,000. Fifth Third Bancorp boosted its holdings in shares of Xenia Hotels & Resorts by 2,492.9% in the fourth quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust's stock valued at $38,000 after purchasing an additional 2,443 shares during the period. Finally, Lazard Asset Management LLC bought a new position in Xenia Hotels & Resorts in the fourth quarter worth approximately $47,000. Hedge funds and other institutional investors own 92.43% of the company's stock.

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.