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

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $12.04 and last traded at $12.20, with a volume of 205407 shares traded. The stock had previously closed at $12.64.

Analyst Ratings Changes

XHR has been the subject of several recent analyst reports. StockNews.com upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Wells Fargo & Company lowered their price target on Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Jefferies Financial Group boosted their price objective on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, January 2nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $17.38.

Xenia Hotels & Resorts Price Performance

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 $1.26 billion, a price-to-earnings ratio of 54.24 and a beta of 1.47. The stock’s 50-day moving average price is $14.05 and its 200-day moving average price is $14.61.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, topping the consensus estimate of $0.05 by $0.34. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company had revenue of $261.80 million during the quarter, compared to analysts’ expectations of $263.47 million. During the same quarter in the previous year, the company earned $0.41 EPS. Xenia Hotels & Resorts’s revenue was up 3.3% on a year-over-year basis. Equities research analysts anticipate 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 paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. Xenia Hotels & Resorts’s dividend payout ratio is presently 373.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter worth about $28,000. Loomis Sayles & Co. L P grew its position in shares of Xenia Hotels & Resorts by 3,146.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,045 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,982 shares during the period. Smartleaf Asset Management LLC increased its stake in Xenia Hotels & Resorts by 500.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,988 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC acquired a new stake in Xenia Hotels & Resorts during the 4th quarter worth approximately $30,000. Finally, Fifth Third Bancorp lifted its stake in 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 buying an additional 2,443 shares in the last quarter. 92.43% of the stock is currently owned by institutional investors.

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.