Xenia Hotels & Resorts Inc (XHR) Expected to Post Quarterly Sales of $240.89 Million

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Equities research analysts expect that Xenia Hotels & Resorts Inc (NYSE:XHR) will announce sales of $240.89 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest sales estimate is $237.56 million and the highest is $243.50 million. Xenia Hotels & Resorts reported sales of $223.29 million during the same quarter last year, which indicates a positive year over year growth rate of 7.9%. The company is scheduled to report its next earnings report before the market opens on Monday, November 5th.

On average, analysts expect that Xenia Hotels & Resorts will report full-year sales of $1.04 billion for the current year, with estimates ranging from $1.04 billion to $1.05 billion. For the next year, analysts forecast that the firm will report sales of $1.08 billion, with estimates ranging from $1.05 billion to $1.09 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.37). Xenia Hotels & Resorts had a net margin of 10.33% and a return on equity of 6.23%. The company had revenue of $277.10 million during the quarter, compared to analyst estimates of $272.14 million. During the same period in the prior year, the business posted $0.59 EPS. Xenia Hotels & Resorts’s revenue was up 13.4% compared to the same quarter last year.

XHR has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a research note on Friday, October 5th. ValuEngine raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Morgan Stanley lifted their price target on shares of Xenia Hotels & Resorts from $21.00 to $22.00 and gave the company an “equal weight” rating in a research note on Friday, August 3rd. Finally, Wells Fargo & Co dropped their price target on shares of Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a research note on Tuesday, August 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $25.14.

Xenia Hotels & Resorts stock traded down $0.19 during trading on Friday, reaching $20.08. The company had a trading volume of 482,800 shares, compared to its average volume of 530,256. Xenia Hotels & Resorts has a 1-year low of $19.08 and a 1-year high of $25.90. The stock has a market capitalization of $2.34 billion, a P/E ratio of 9.75, a P/E/G ratio of 1.65 and a beta of 0.89. The company has a debt-to-equity ratio of 0.62, a quick ratio of 3.45 and a current ratio of 3.45.

The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were paid a $0.275 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.48%. Xenia Hotels & Resorts’s dividend payout ratio is currently 53.40%.

A number of institutional investors have recently added to or reduced their stakes in XHR. BlackRock Inc. lifted its holdings in Xenia Hotels & Resorts by 5.2% in the 2nd quarter. BlackRock Inc. now owns 10,635,774 shares of the real estate investment trust’s stock valued at $259,088,000 after purchasing an additional 522,139 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Xenia Hotels & Resorts by 1,843.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,719 shares of the real estate investment trust’s stock valued at $237,000 after purchasing an additional 9,219 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in Xenia Hotels & Resorts by 2.4% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,348 shares of the real estate investment trust’s stock valued at $2,591,000 after purchasing an additional 2,471 shares in the last quarter. James Investment Research Inc. lifted its holdings in Xenia Hotels & Resorts by 150.8% in the 2nd quarter. James Investment Research Inc. now owns 139,505 shares of the real estate investment trust’s stock valued at $3,398,000 after purchasing an additional 83,870 shares in the last quarter. Finally, Eqis Capital Management Inc. purchased a new position in Xenia Hotels & Resorts in the 2nd quarter valued at $430,000. 76.35% of the stock is currently owned by hedge funds and other institutional investors.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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