Equities analysts expect Xenia Hotels & Resorts, Inc. (NYSE:XHR) to report $238.89 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with estimates ranging from $236.82 million to $240.97 million. Xenia Hotels & Resorts posted sales of $261.38 million during the same quarter last year, which suggests a negative year over year growth rate of 8.6%. The firm is scheduled to report its next quarterly earnings report before the market opens on Tuesday, August 8th.
According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year sales of $238.89 million for the current fiscal year, with estimates ranging from $886.18 million to $910.62 million. For the next financial year, analysts expect that the business will post sales of $912.80 million per share, with estimates ranging from $898.22 million to $920.40 million. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Tuesday, May 9th. The real estate investment trust reported $0.44 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. Xenia Hotels & Resorts had a return on equity of 6.29% and a net margin of 11.02%. The company had revenue of $218.50 million for the quarter, compared to analyst estimates of $205.54 million. During the same quarter last year, the company earned $0.43 earnings per share. The company’s revenue for the quarter was down 7.0% on a year-over-year basis.
Several research firms recently weighed in on XHR. Morgan Stanley upped their price target on Xenia Hotels & Resorts from $17.00 to $19.00 and gave the stock an “equal weight” rating in a research note on Friday, June 16th. TheStreet upgraded Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. BidaskClub upgraded Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating and set a $20.00 price objective on the stock in a research report on Saturday, May 13th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $20.75.
Xenia Hotels & Resorts (XHR) opened at 20.00 on Tuesday. The stock has a 50 day moving average price of $19.90 and a 200-day moving average price of $18.31. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 21.14 and a beta of 0.77. Xenia Hotels & Resorts has a 12-month low of $14.84 and a 12-month high of $20.59.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $1.10 annualized dividend and a yield of 5.50%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 117.02%.
Institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Xenia Hotels & Resorts by 10.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,997 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 657 shares during the period. James Investment Research Inc. acquired a new position in Xenia Hotels & Resorts during the first quarter valued at about $133,000. Daiwa Securities Group Inc. boosted its position in Xenia Hotels & Resorts by 37.7% in the first quarter. Daiwa Securities Group Inc. now owns 8,400 shares of the real estate investment trust’s stock valued at $143,000 after buying an additional 2,300 shares during the period. Ameritas Investment Partners Inc. acquired a new position in Xenia Hotels & Resorts during the first quarter valued at about $153,000. Finally, New York State Teachers Retirement System acquired a new position in Xenia Hotels & Resorts during the first quarter valued at about $154,000. 64.29% of the stock is currently owned by institutional investors and hedge funds.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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