Xenia Hotels & Resorts (NYSE:XHR) Shares Gap Down – What’s Next?

Xenia Hotels & Resorts, Inc. (NYSE:XHR) shares gapped down before the market opened 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 traded.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price objective on shares of Xenia Hotels & Resorts from $18.00 to $17.00 and set an “overweight” rating for the company in a report on Tuesday, February 18th. Jefferies Financial Group cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the company from $18.00 to $10.00 in a research report on Wednesday. KeyCorp cut their price objective on Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a research report on Monday, March 24th. Finally, StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $14.63.

Xenia Hotels & Resorts Stock Down 2.3 %

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 company has a market cap of $913.94 million, a PE ratio of 38.85 and a beta of 1.38. The business’s 50 day moving average is $13.08 and its 200-day moving average is $14.37.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.34. The business had revenue of $261.80 million during the quarter, compared to analysts’ expectations of $263.47 million. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 EPS. As a group, analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current year.

Xenia Hotels & Resorts Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders 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 represents a $0.56 dividend on an annualized basis and a dividend yield of 6.22%. 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 Investors Weigh In On Xenia Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in the business. GF Fund Management CO. LTD. purchased a new position in Xenia Hotels & Resorts in the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in shares of Xenia Hotels & Resorts by 500.6% in the 4th 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 in the last quarter. Creekmur Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts in the 4th quarter valued at $30,000. Fifth Third Bancorp raised its stake 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 in the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in Xenia Hotels & Resorts in the fourth quarter valued at $47,000. 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.