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

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) saw a significant drop in short interest in 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. Based on an average trading volume of 920,300 shares, the short-interest ratio is currently 2.9 days. Approximately 2.6% of the company's shares are short sold.

Xenia Hotels & Resorts Trading Up 5.6 %

XHR stock traded up $0.61 during trading on Friday, hitting $11.44. The company had a trading volume of 1,435,539 shares, compared to its average volume of 801,715. Xenia Hotels & Resorts has a 52-week low of $8.55 and a 52-week high of $16.50. The company has a 50 day simple moving average of $11.47 and a 200-day simple moving average of $13.76. The firm has a market capitalization of $1.16 billion, a P/E ratio of 49.72 and a beta of 1.60. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 1.07.

Xenia Hotels & Resorts (NYSE:XHR - Get Free Report) last posted its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.09. Xenia Hotels & Resorts had a net margin of 2.37% and a return on equity of 1.86%. The firm had revenue of $288.93 million during the quarter, compared to the consensus estimate of $276.51 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company's revenue was up 8.0% on a year-over-year basis. As a group, research analysts forecast that Xenia Hotels & Resorts will post 1.46 earnings per share for the current fiscal year.

Xenia Hotels & Resorts Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.56 annualized dividend and a dividend yield of 4.90%. This is a positive change from Xenia Hotels & Resorts's previous quarterly dividend of $0.12. Xenia Hotels & Resorts's dividend payout ratio (DPR) is currently 254.55%.

Institutional Trading of Xenia Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the business. Barclays PLC lifted its position in shares of Xenia Hotels & Resorts by 295.7% in the 3rd quarter. Barclays PLC now owns 173,062 shares of the real estate investment trust's stock worth $2,555,000 after purchasing an additional 129,328 shares during the period. Franklin Resources Inc. boosted its position in Xenia Hotels & Resorts by 4.1% during the 3rd quarter. Franklin Resources Inc. now owns 78,864 shares of the real estate investment trust's stock valued at $1,173,000 after acquiring an additional 3,101 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Xenia Hotels & Resorts by 2.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,662,495 shares of the real estate investment trust's stock valued at $24,555,000 after acquiring an additional 40,807 shares during the period. Nordea Investment Management AB raised its position in shares of Xenia Hotels & Resorts by 2.0% in the 4th quarter. Nordea Investment Management AB now owns 106,400 shares of the real estate investment trust's stock worth $1,599,000 after acquiring an additional 2,072 shares in the last quarter. Finally, Diversified Trust Co lifted its stake in shares of Xenia Hotels & Resorts by 10.1% during the 4th quarter. Diversified Trust Co now owns 35,194 shares of the real estate investment trust's stock worth $523,000 after purchasing an additional 3,229 shares during the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on XHR shares. KeyCorp lowered their price objective 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. StockNews.com cut shares of Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a research report on Wednesday, April 2nd. Wells Fargo & Company lowered their target price 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. Morgan Stanley cut their price target on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating on the stock in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group downgraded shares of Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $18.00 to $10.00 in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, Xenia Hotels & Resorts has an average rating of "Hold" and an average target price of $13.50.

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.