Xenia Hotels & Resorts (NYSE:XHR) Shares Gap Down - Should You Sell?

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $9.22, but opened at $8.72. Xenia Hotels & Resorts shares last traded at $8.87, with a volume of 225,218 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company reduced their price target 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. StockNews.com cut shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. KeyCorp lowered their price target on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an "overweight" rating for the company in a report on Monday, March 24th. Finally, Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price target for the company from $18.00 to $10.00 in a research report on Wednesday, April 9th. One equities 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $14.63.

Xenia Hotels & Resorts Trading Down 0.2 %

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 $991.03 million, a P/E ratio of 42.48 and a beta of 1.38. The stock has a 50-day moving average price of $12.70 and a two-hundred day moving average price of $14.23.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $261.80 million during the quarter, compared to analyst estimates of $263.47 million. Xenia Hotels & Resorts had a return on equity of 1.86% and a net margin of 2.37%. The firm's revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.41 earnings per share. On average, research analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 5.73%. This is a boost from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's payout ratio is currently 373.33%.

Institutional Trading of Xenia Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. State Street Corp grew its holdings 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 acquiring an additional 108,798 shares during the period. Geode Capital Management LLC boosted its position in shares of 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 valued at $39,135,000 after purchasing an additional 60,323 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Xenia Hotels & Resorts by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,362,156 shares of the real estate investment trust's stock worth $35,102,000 after purchasing an additional 30,186 shares during the period. Millennium Management LLC raised its holdings in Xenia Hotels & Resorts by 3.0% in the fourth quarter. Millennium Management LLC now owns 1,804,855 shares of the real estate investment trust's stock worth $26,820,000 after purchasing an additional 52,690 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Xenia Hotels & Resorts by 7.6% during the fourth quarter. JPMorgan Chase & Co. now owns 1,788,688 shares of the real estate investment trust's stock valued at $26,580,000 after buying an additional 126,193 shares during the period. 92.43% of the stock is currently owned by hedge funds and other institutional investors.

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.