Xenia Hotels & Resorts Inc. (NYSE: XHR) stock fell -2.79% on Wednesday to $11.83 against a previous-day closing price of $12.17. With 0.66 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.85 million shares. During the session, the REIT – Hotel & Motel company that operates in wider Real Estate sector, reached to the highest price of $12.12 whereas the lowest price it dropped to was $11.82. The 52-week range on XHR shows that it touched its highest point at $19.57 and its lowest point at $11.74 during that stretch. It currently has a 1-year price target of $15.50. With its current market cap of 1.30 billion, XHR has annualized dividend of $0.40 while the current yield stands at 3.38%. Beta for the stock currently stands at 1.50.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XHR was down-trending over the past week, with a drop of -4.44%, but this was down by -5.81% over a month. Three-month performance dropped to -17.79% while six-month performance fell -21.55%. The stock lost -32.52% in the past year, while it has lost -10.24% so far this year. A look at the trailing 12-month EPS for XHR yields 0.59 with Next year EPS estimates of 0.14. For the next quarter, that number is 0.14. This implies an EPS growth rate of 138.60% for this year and 6.15% for next year.
Float and Shares Shorts:
At present, 111.78 million XHR shares are outstanding with a float of 108.72 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.45 million, which was 3.12% higher than short shares on Mar 30, 2023. In addition to Mr. Marcel Verbaas as the firm’s Chairman & CEO, Dr. Barry A. N. Bloom serves as its Pres & COO.
Institutional Ownership:
Through their ownership of 92.26% of XHR’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 55.21% of XHR, in contrast to 5.85% held by mutual funds. Shares owned by individuals account for 36.33%. As the largest shareholder in XHR with 17.73% of the stake, The Vanguard Group, Inc. holds 19,760,113 shares worth 19,760,113. A second-largest stockholder of XHR, BlackRock Fund Advisors, holds 18,641,511 shares, controlling over 16.72% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in XHR, holding 8,460,926 shares or 7.59% stake. With a 7.50% stake in XHR, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 8,364,392 shares are owned by the mutual fund manager. The Vanguard Real Estate Index Fund, which owns about 4.49% of XHR stock, is the second-largest Mutual Fund holder. It holds 5,003,850 shares valued at 63.35 million. Vanguard Total Stock Market ETF holds 3.15% of the stake in XHR, owning 3,514,376 shares worth 44.49 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, XHR reported revenue of $283.45M and operating income of $50.72M. The EBITDA in the recently reported quarter was $86.65M and diluted EPS was $0.24.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XHR since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With XHR analysts setting a high price target of $19.00 and a low target of $12.00, the average target price over the next 12 months is $15.50. Based on these targets, XHR could surge 60.61% to reach the target high and rise by 1.44% to reach the target low. Reaching the average price target will result in a growth of 31.02% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded XHR stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 531 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 3 over the past year. The total number of shares bought during that period was 0 while 42,895 shares were sold.
