Xenia Hotels & Resorts Inc (NYSE:XHR) Expected to Post Quarterly Sales of $263.31 Million

Equities analysts expect Xenia Hotels & Resorts Inc (NYSE:XHR) to report $263.31 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest sales estimate is $252.20 million and the highest is $275.44 million. Xenia Hotels & Resorts reported sales of $240.99 million in the same quarter last year, which would suggest a positive year over year growth rate of 9.3%. The firm is scheduled to issue its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year sales of $1.14 billion for the current year, with estimates ranging from $1.12 billion to $1.16 billion. For the next year, analysts expect that the firm will post sales of $1.16 billion, with estimates ranging from $1.12 billion to $1.19 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $304.30 million during the quarter, compared to analyst estimates of $292.57 million. Xenia Hotels & Resorts had a net margin of 12.44% and a return on equity of 7.82%. The business’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS.

Several equities research analysts have weighed in on the company. Zacks Investment Research lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and set a $23.00 target price on the stock. in a research report on Sunday. KeyCorp initiated coverage on Xenia Hotels & Resorts in a research note on Tuesday, June 25th. They set an “overweight” rating and a $24.00 target price for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $22.00.

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in shares of Xenia Hotels & Resorts by 77.5% in the 1st quarter. BlackRock Inc. now owns 20,107,203 shares of the real estate investment trust’s stock worth $440,549,000 after acquiring an additional 8,776,602 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in Xenia Hotels & Resorts during the 2nd quarter worth about $17,206,000. Monarch Partners Asset Management LLC acquired a new position in Xenia Hotels & Resorts in the 1st quarter valued at approximately $10,813,000. Morgan Stanley increased its stake in shares of Xenia Hotels & Resorts by 769.8% in the second quarter. Morgan Stanley now owns 524,838 shares of the real estate investment trust’s stock worth $10,942,000 after acquiring an additional 464,495 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in Xenia Hotels & Resorts by 2.0% in the 2nd quarter. Vanguard Group Inc. now owns 18,344,971 shares of the real estate investment trust’s stock worth $382,492,000 after purchasing an additional 361,134 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Shares of Xenia Hotels & Resorts stock traded up $0.48 during trading on Friday, reaching $21.89. The company had a trading volume of 917,170 shares, compared to its average volume of 822,240. The firm’s fifty day moving average is $20.70 and its 200-day moving average is $21.02. Xenia Hotels & Resorts has a fifty-two week low of $16.47 and a fifty-two week high of $24.10. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 9.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.40 and a current ratio of 2.40.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in uniquely positioned luxury and upper upscale hotels and resorts, 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 11,167 rooms across 17 states.

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