Xenia Hotels & Resorts (NYSE:XHR) Reaches New 52-Week Low – Time to Sell?

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

Wall Street Analysts Forecast Growth

XHR has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their price target on shares of Xenia Hotels & Resorts from $18.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, January 2nd. Wells Fargo & Company dropped their price objective 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 decreased their target price 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. Finally, StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Xenia Hotels & Resorts has an average rating of “Hold” and an average target price of $17.13.

Xenia Hotels & Resorts Trading Down 1.7 %

The company has a fifty day simple moving average of $13.91 and a two-hundred day simple moving average of $14.59. The company has a market capitalization of $1.23 billion, a P/E ratio of 52.55 and a beta of 1.47. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.20 and a quick ratio of 2.20.

Xenia Hotels & Resorts (NYSE:XHR) last issued 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. The business 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 firm’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the business earned $0.41 EPS. On average, analysts forecast that Xenia Hotels & Resorts, Inc. will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.63%. 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 (DPR) is 373.33%.

Institutional Investors Weigh In On Xenia Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Xenia Hotels & Resorts by 47.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 198,545 shares of the real estate investment trust’s stock valued at $2,933,000 after purchasing an additional 63,490 shares during the period. Intech Investment Management LLC bought a new position in Xenia Hotels & Resorts during the third quarter worth $356,000. Charles Schwab Investment Management Inc. raised its stake in Xenia Hotels & Resorts by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,331,970 shares of the real estate investment trust’s stock valued at $34,443,000 after purchasing an additional 59,212 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Xenia Hotels & Resorts by 4.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 33,728 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 1,415 shares during the period. Finally, Loomis Sayles & Co. L P grew its position in 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 worth $30,000 after purchasing an additional 1,982 shares during 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.