Xenia Hotels & Resorts, Inc. (NYSE:XHR) Short Interest Down 28.4% in April

Xenia Hotels & Resorts, Inc. (NYSE:XHR - Get Free Report) was the target of a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 2,650,000 shares, a decrease of 28.4% from the March 31st total of 3,700,000 shares. Based on an average trading volume of 920,300 shares, the days-to-cover ratio is currently 2.9 days. Approximately 2.6% of the company's stock are sold short.

Institutional Trading of Xenia Hotels & Resorts

A number of institutional investors have recently added to or reduced their stakes in the business. Metis Global Partners LLC lifted its position in shares of Xenia Hotels & Resorts by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 11,696 shares of the real estate investment trust's stock worth $174,000 after purchasing an additional 1,194 shares in the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of Xenia Hotels & Resorts by 0.8% during the first quarter. Asset Management One Co. Ltd. now owns 153,705 shares of the real estate investment trust's stock valued at $1,808,000 after purchasing an additional 1,204 shares during the last quarter. IFP Advisors Inc lifted its stake in Xenia Hotels & Resorts by 16.5% in the fourth quarter. IFP Advisors Inc now owns 8,817 shares of the real estate investment trust's stock valued at $131,000 after buying an additional 1,250 shares during the last quarter. Oppenheimer Asset Management Inc. boosted its stake in Xenia Hotels & Resorts by 4.3% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 31,900 shares of the real estate investment trust's stock valued at $375,000 after purchasing an additional 1,327 shares during the period. Finally, Swiss National Bank grew its holdings in Xenia Hotels & Resorts by 0.8% in the 4th quarter. Swiss National Bank now owns 200,580 shares of the real estate investment trust's stock worth $2,981,000 after buying an additional 1,500 shares in the last quarter. 92.43% of the stock is owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Trading Up 2.6 %

XHR stock traded up $0.30 during midday trading on Monday, hitting $11.74. The stock had a trading volume of 692,856 shares, compared to its average volume of 797,757. Xenia Hotels & Resorts has a 12-month low of $8.55 and a 12-month high of $16.50. The firm has a market cap of $1.19 billion, a PE ratio of 51.01 and a beta of 1.60. The company's 50-day moving average price is $11.47 and its 200 day moving average price is $13.75. 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 - Get Free Report) last issued its quarterly earnings results on Friday, May 2nd. The real estate investment trust reported $0.51 EPS for the quarter, topping 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 analyst estimates of $276.51 million. During the same quarter in the prior year, the business posted $0.44 earnings per share. Xenia Hotels & Resorts's revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities 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 firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid 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 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend was Monday, March 31st. Xenia Hotels & Resorts's payout ratio is currently 254.55%.

Wall Street Analysts Forecast Growth

XHR has been the subject of several research analyst reports. Morgan Stanley lowered their target price on shares of Xenia Hotels & Resorts from $11.00 to $9.00 and set an "underweight" rating for the company in a report on Tuesday, April 22nd. 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. StockNews.com cut Xenia Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Wednesday, April 2nd. KeyCorp decreased 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, Jefferies Financial Group lowered Xenia Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the company from $18.00 to $10.00 in a report on Wednesday, April 9th. Two investment analysts have 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.com, Xenia Hotels & Resorts currently has an average rating of "Hold" and a consensus target price 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.