Analysts predict that Xenia Hotels & Resorts Inc (NYSE:XHR) will report $268.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings, with estimates ranging from $262.70 million to $274.00 million. Xenia Hotels & Resorts reported sales of $259.14 million in the same quarter last year, which indicates a positive year over year growth rate of 3.7%. The business is expected to announce its next quarterly earnings results on Tuesday, February 26th.
According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year sales of $1.05 billion for the current fiscal year, with estimates ranging from $1.05 billion to $1.06 billion. For the next year, analysts forecast that the company will post sales of $1.12 billion, with estimates ranging from $1.09 billion to $1.17 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.35). Xenia Hotels & Resorts had a return on equity of 5.96% and a net margin of 9.93%. The company had revenue of $241.00 million for the quarter, compared to the consensus estimate of $240.55 million. During the same period in the previous year, the firm earned $0.50 earnings per share. The company’s revenue was up 7.9% compared to the same quarter last year.
In other Xenia Hotels & Resorts news, insider Marcel Verbaas bought 5,000 shares of the business’s stock in a transaction dated Friday, November 30th. The shares were purchased at an average price of $19.99 per share, with a total value of $99,950.00. Following the completion of the purchase, the insider now owns 100,726 shares in the company, valued at approximately $2,013,512.74. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.89% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Xenia Hotels & Resorts by 2.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 106,348 shares of the real estate investment trust’s stock worth $2,591,000 after purchasing an additional 2,471 shares in the last quarter. Sigma Planning Corp grew its stake in Xenia Hotels & Resorts by 16.8% in the second quarter. Sigma Planning Corp now owns 19,165 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 2,759 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Xenia Hotels & Resorts by 19.7% in the third quarter. Daiwa Securities Group Inc. now owns 17,000 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 2,800 shares in the last quarter. IndexIQ Advisors LLC grew its stake in Xenia Hotels & Resorts by 3.0% in the third quarter. IndexIQ Advisors LLC now owns 99,824 shares of the real estate investment trust’s stock worth $2,366,000 after purchasing an additional 2,930 shares in the last quarter. Finally, GW&K Investment Management LLC grew its stake in Xenia Hotels & Resorts by 20.9% in the third quarter. GW&K Investment Management LLC now owns 18,044 shares of the real estate investment trust’s stock worth $428,000 after purchasing an additional 3,124 shares in the last quarter. 77.69% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE XHR opened at $19.88 on Friday. The company has a current ratio of 1.95, a quick ratio of 1.95 and a debt-to-equity ratio of 0.63. Xenia Hotels & Resorts has a 1-year low of $19.08 and a 1-year high of $25.90. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 9.65, a P/E/G ratio of 1.56 and a beta of 1.03.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.53%. Xenia Hotels & Resorts’s dividend payout ratio is 53.40%.
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 40 hotels comprising 11,239 rooms, across 17 states and the District of Columbia.
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