Xenia Hotels & Resorts (NYSE:XHR) Reaches New 1-Year Low – Should You Sell?

Xenia Hotels & Resorts, Inc. (NYSE:XHR) shares reached a new 52-week low on Thursday . The company traded as low as $12.01 and last traded at $12.03, with a volume of 364922 shares trading hands. The stock had previously closed at $12.30.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Jefferies Financial Group boosted their price target on Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research report on Thursday, January 2nd. Wells Fargo & Company lowered their target price on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. KeyCorp reduced 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 research note on Monday, March 24th. Finally, StockNews.com cut Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, March 24th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Xenia Hotels & Resorts has an average rating of “Hold” and an average price target of $17.13.

Xenia Hotels & Resorts Stock Performance

The company’s 50-day moving average price is $13.80 and its two-hundred day moving average price is $14.56. The company has a market cap of $1.20 billion, a P/E ratio of 51.33 and a beta of 1.47. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.34. The company had revenue of $261.80 million for the quarter, compared to analysts’ expectations 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 in the prior year, the company earned $0.41 earnings per share. As a group, equities 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. This represents a $0.56 annualized dividend and a dividend yield of 4.74%. This is a boost from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend is Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of large investors have recently made changes to their positions in the company. GF Fund Management CO. LTD. acquired a new position in Xenia Hotels & Resorts in the 4th quarter worth approximately $28,000. Loomis Sayles & Co. L P grew its holdings in shares of Xenia Hotels & Resorts by 3,146.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,982 shares in the last quarter. Smartleaf Asset Management LLC raised its position in Xenia Hotels & Resorts by 500.6% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 1,657 shares during the period. Creekmur Asset Management LLC purchased a new stake in Xenia Hotels & Resorts in the 4th quarter worth about $30,000. Finally, Fifth Third Bancorp boosted its position in Xenia Hotels & Resorts by 2,492.9% during the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 2,443 shares during the period. Institutional investors and hedge funds 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.