$266.96 Million in Sales Expected for Xenia Hotels & Resorts Inc (XHR) This Quarter

Wall Street brokerages predict that Xenia Hotels & Resorts Inc (NYSE:XHR) will announce sales of $266.96 million for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Xenia Hotels & Resorts’ earnings, with estimates ranging from $262.70 million to $273.48 million. Xenia Hotels & Resorts posted sales of $259.14 million in the same quarter last year, which suggests a positive year over year growth rate of 3%. The business is expected to announce its next 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 fiscal year, analysts anticipate that the firm will post sales of $1.10 billion, with estimates ranging from $1.09 billion to $1.11 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.35). The firm had revenue of $241.00 million for the quarter, compared to analysts’ expectations of $240.55 million. Xenia Hotels & Resorts had a return on equity of 5.96% and a net margin of 9.93%. Xenia Hotels & Resorts’s revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share.

XHR has been the topic of a number of analyst reports. Wells Fargo & Co cut their price objective on shares of Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, August 28th. Morgan Stanley lifted their price objective on shares of Xenia Hotels & Resorts from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, August 3rd. B. Riley set a $25.00 price objective on shares of Xenia Hotels & Resorts and gave the stock a “hold” rating in a report on Tuesday, November 6th. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research note on Friday, October 5th. Finally, ValuEngine cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Thursday, October 4th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $25.67.

A number of institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. raised its stake 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 acquiring an additional 2,471 shares during the period. Sigma Planning Corp raised its stake in Xenia Hotels & Resorts by 16.8% in the 2nd quarter. Sigma Planning Corp now owns 19,165 shares of the real estate investment trust’s stock valued at $467,000 after acquiring an additional 2,759 shares during the period. Daiwa Securities Group Inc. raised its stake in Xenia Hotels & Resorts by 19.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 17,000 shares of the real estate investment trust’s stock valued at $403,000 after acquiring an additional 2,800 shares during the period. IndexIQ Advisors LLC raised its stake in Xenia Hotels & Resorts by 3.0% in the 3rd quarter. IndexIQ Advisors LLC now owns 99,824 shares of the real estate investment trust’s stock valued at $2,366,000 after acquiring an additional 2,930 shares during the period. Finally, GW&K Investment Management LLC raised its stake in Xenia Hotels & Resorts by 20.9% in the 3rd quarter. GW&K Investment Management LLC now owns 18,044 shares of the real estate investment trust’s stock valued at $428,000 after acquiring an additional 3,124 shares during the period. Institutional investors and hedge funds own 76.90% of the company’s stock.

XHR traded up $0.20 during mid-day trading on Thursday, reaching $20.16. 407,685 shares of the stock were exchanged, compared to its average volume of 500,748. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.95 and a quick ratio of 1.95. The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.56 and a beta of 1.03. Xenia Hotels & Resorts has a 1 year low of $19.08 and a 1 year high of $25.90.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 5.46%. The ex-dividend date of this dividend is Friday, December 28th. Xenia Hotels & Resorts’s dividend payout ratio is currently 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 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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