Xenia Hotels & Resorts (NYSE:XHR) Sets New 1-Year Low – Time to Sell?

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

Analysts Set New Price Targets

XHR has been the subject of a number of research reports. StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday. KeyCorp decreased their target price on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating for the company in a research report on Monday, March 24th. Jefferies Financial Group lifted their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company decreased their price objective on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. One equities 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $17.13.

Xenia Hotels & Resorts Stock Down 10.6 %

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 stock’s 50 day simple moving average is $13.61 and its two-hundred day simple moving average is $14.54. The firm has a market cap of $1.07 billion, a P/E ratio of 45.85 and a beta of 1.38.

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

Xenia Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 annualized dividend and a yield of 5.31%. Xenia Hotels & Resorts’s payout ratio is 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of institutional investors have recently made changes to their positions in XHR. Alyeska Investment Group L.P. lifted its position in Xenia Hotels & Resorts by 258.8% in the 4th quarter. Alyeska Investment Group L.P. now owns 1,655,365 shares of the real estate investment trust’s stock valued at $24,599,000 after acquiring an additional 1,193,990 shares in the last quarter. Mesirow Institutional Investment Management Inc. purchased a new position in shares of Xenia Hotels & Resorts in the fourth quarter worth $15,982,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Xenia Hotels & Resorts by 370.5% during the third 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 purchasing an additional 566,144 shares in the last quarter. Invesco Ltd. boosted its position in shares of Xenia Hotels & Resorts by 73.5% during the fourth quarter. Invesco Ltd. now owns 1,126,703 shares of the real estate investment trust’s stock valued at $16,743,000 after buying an additional 477,231 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Xenia Hotels & Resorts by 5.0% in the 3rd quarter. Wellington Management Group LLP now owns 9,705,769 shares of the real estate investment trust’s stock worth $143,354,000 after buying an additional 465,141 shares in the last quarter. 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.