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

Xenia Hotels & Resorts, Inc. (NYSE:XHR)’s share price gapped down prior to trading 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.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on XHR shares. KeyCorp decreased their price target on 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. 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. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their price target for the stock from $18.00 to $10.00 in a research note on Wednesday. Finally, StockNews.com downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $14.63.

Xenia Hotels & Resorts Stock Performance

The business’s fifty day moving average is $12.80 and its 200-day moving average is $14.27. 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 cap of $991.13 million, a PE ratio of 42.48 and a beta of 1.38.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $263.47 million. During the same period in the previous year, the business earned $0.41 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, research analysts predict that Xenia Hotels & Resorts, Inc. will post 1.46 EPS for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.14 dividend. This is a positive change from Xenia Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.56 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date is Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio is presently 373.33%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of XHR. GF Fund Management CO. LTD. bought a new stake in shares of Xenia Hotels & Resorts during the fourth quarter valued at approximately $28,000. Smartleaf Asset Management LLC grew its stake 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 worth $30,000 after buying an additional 1,657 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at about $30,000. Fifth Third Bancorp lifted its holdings in shares of Xenia Hotels & Resorts by 2,492.9% in the 4th quarter. Fifth Third Bancorp now owns 2,541 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 2,443 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new position in Xenia Hotels & Resorts in the fourth quarter worth about $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.