Analysts Expect Xenia Hotels & Resorts Inc (NYSE:XHR) Will Announce Quarterly Sales of $271.10 Million

Wall Street brokerages forecast that Xenia Hotels & Resorts Inc (NYSE:XHR) will post sales of $271.10 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest sales estimate is $228.50 million and the highest is $291.96 million. Xenia Hotels & Resorts reported sales of $293.69 million during the same quarter last year, which indicates a negative year-over-year growth rate of 7.7%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 7th.

On average, analysts expect that Xenia Hotels & Resorts will report full year sales of $929.79 million for the current financial year, with estimates ranging from $612.80 million to $1.11 billion. For the next financial year, analysts expect that the company will post sales of $975.14 million, with estimates ranging from $882.00 million to $1.13 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last released its earnings results on Monday, February 24th. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.37). Xenia Hotels & Resorts had a return on equity of 3.29% and a net margin of 4.82%. The business had revenue of $282.19 million during the quarter, compared to analysts’ expectations of $277.56 million. During the same period last year, the business earned $0.58 earnings per share. The company’s revenue for the quarter was up 2.4% compared to the same quarter last year.

A number of research analysts have weighed in on the stock. Morgan Stanley decreased their target price on shares of Xenia Hotels & Resorts from $18.00 to $16.00 and set an “underweight” rating on the stock in a research note on Thursday, January 9th. Wells Fargo & Co raised shares of Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $20.00 to $17.00 in a research report on Monday, March 9th. B. Riley raised shares of Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and reduced their price target for the company from $24.00 to $18.00 in a research report on Tuesday, March 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $19.00 price target on shares of Xenia Hotels & Resorts in a research report on Thursday, March 5th. Finally, Janney Montgomery Scott began coverage on shares of Xenia Hotels & Resorts in a research report on Monday, December 16th. They set a “neutral” rating and a $23.50 price target on the stock. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Xenia Hotels & Resorts currently has an average rating of “Hold” and a consensus price target of $20.44.

A number of institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc increased its holdings in Xenia Hotels & Resorts by 65.2% in the 4th quarter. Versant Capital Management Inc now owns 1,320 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 521 shares during the last quarter. NumerixS Investment Technologies Inc grew its stake in shares of Xenia Hotels & Resorts by 60.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 1,600 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 600 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Xenia Hotels & Resorts by 2.9% in the fourth quarter. AE Wealth Management LLC now owns 21,490 shares of the real estate investment trust’s stock worth $464,000 after acquiring an additional 605 shares in the last quarter. Comerica Bank grew its stake in shares of Xenia Hotels & Resorts by 0.6% during the fourth quarter. Comerica Bank now owns 106,628 shares of the real estate investment trust’s stock worth $2,065,000 after purchasing an additional 663 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its stake in shares of Xenia Hotels & Resorts by 2.0% during the fourth quarter. Municipal Employees Retirement System of Michigan now owns 34,470 shares of the real estate investment trust’s stock worth $745,000 after purchasing an additional 670 shares in the last quarter. Hedge funds and other institutional investors own 89.60% of the company’s stock.

XHR traded up $0.50 during trading on Wednesday, reaching $8.74. The company’s stock had a trading volume of 1,357,100 shares, compared to its average volume of 972,608. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 0.73. The firm has a fifty day simple moving average of $13.88 and a two-hundred day simple moving average of $19.12. Xenia Hotels & Resorts has a 1 year low of $6.28 and a 1 year high of $23.33. The company has a market cap of $928.84 million, a price-to-earnings ratio of 17.84 and a beta of 1.40.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.275 dividend. The ex-dividend date is Monday, March 30th. This represents a $1.10 annualized dividend and a yield of 12.59%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 50.23%.

About Xenia Hotels & Resorts

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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Earnings History and Estimates for Xenia Hotels & Resorts (NYSE:XHR)

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