Xenia Hotels & Resorts, Inc. (NYSE:XHR) Short Interest Update

Xenia Hotels & Resorts, Inc. (NYSE:XHR) was the recipient of a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 2,650,000 shares, a drop of 28.4% from the March 31st total of 3,700,000 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average trading volume of 920,300 shares, the short-interest ratio is presently 2.9 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. GF Fund Management CO. LTD. bought a new position in shares of Xenia Hotels & Resorts during the 4th quarter valued at approximately $28,000. Smartleaf Asset Management LLC boosted its holdings in 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 during the period. Creekmur Asset Management LLC bought a new position in Xenia Hotels & Resorts in the 4th quarter worth approximately $30,000. Fifth Third Bancorp boosted its holdings in 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 purchasing an additional 2,443 shares during the period. Finally, Lazard Asset Management LLC bought a new stake in Xenia Hotels & Resorts in the 4th quarter worth approximately $47,000. 92.43% of the stock is owned by institutional investors.

Xenia Hotels & Resorts Trading Down 0.8 %

XHR opened at $10.64 on Wednesday. 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 has a fifty-two week low of $8.55 and a fifty-two week high of $16.50. The firm has a market capitalization of $1.08 billion, a PE ratio of 46.26 and a beta of 1.38. The company’s 50-day moving average is $11.63 and its 200 day moving average is $13.84.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Tuesday, February 25th. The real estate investment trust reported $0.39 EPS for the quarter, beating the consensus estimate of $0.05 by $0.34. The firm had revenue of $261.80 million during the quarter, compared to analyst estimates 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 quarter last year, the business posted $0.41 EPS. As a group, research analysts predict that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.14 per share. This is an increase 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 5.26%. The ex-dividend date was Monday, March 31st. Xenia Hotels & Resorts’s dividend payout ratio is currently 373.33%.

Wall Street Analysts Forecast Growth

XHR has been the topic of several research analyst reports. Morgan Stanley cut their target price on Xenia Hotels & Resorts from $11.00 to $9.00 and set an “underweight” rating on the stock in a research report on Tuesday, April 22nd. Jefferies Financial Group lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price objective for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, April 2nd. KeyCorp dropped their price objective on shares of Xenia Hotels & Resorts from $17.00 to $16.00 and set an “overweight” rating on the stock in a report on Monday, March 24th. Finally, 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 report on Tuesday, February 18th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Xenia Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $13.50.

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.