Xenia Hotels & Resorts Inc (XHR) Expected to Post Earnings of $0.62 Per Share

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Wall Street brokerages expect Xenia Hotels & Resorts Inc (NYSE:XHR) to announce earnings of $0.62 per share for the current quarter, Zacks reports. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings. The highest EPS estimate is $0.64 and the lowest is $0.61. Xenia Hotels & Resorts reported earnings of $0.66 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.1%. The business is scheduled to report its next quarterly earnings report on Thursday, August 1st.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full year earnings of $2.12 per share for the current year, with EPS estimates ranging from $2.09 to $2.16. For the next financial year, analysts forecast that the company will post earnings of $2.15 per share, with EPS estimates ranging from $2.12 to $2.18. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. The company had revenue of $293.69 million during the quarter, compared to the consensus estimate of $276.03 million. Xenia Hotels & Resorts had a return on equity of 8.48% and a net margin of 14.23%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.53 EPS.

A number of research firms have recently issued reports on XHR. Zacks Investment Research lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Saturday, May 4th. B. Riley set a $24.00 target price on Xenia Hotels & Resorts and gave the company a “hold” rating in a report on Friday, May 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $23.50.

Several institutional investors and hedge funds have recently added to or reduced their stakes in XHR. James Investment Research Inc. increased its stake in shares of Xenia Hotels & Resorts by 1.3% in the fourth quarter. James Investment Research Inc. now owns 55,264 shares of the real estate investment trust’s stock worth $950,000 after acquiring an additional 729 shares during the last quarter. Martingale Asset Management L P increased its stake in shares of Xenia Hotels & Resorts by 1.7% in the fourth quarter. Martingale Asset Management L P now owns 349,745 shares of the real estate investment trust’s stock worth $6,016,000 after acquiring an additional 6,000 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xenia Hotels & Resorts by 13.9% in the third quarter. JPMorgan Chase & Co. now owns 1,145,901 shares of the real estate investment trust’s stock worth $27,158,000 after acquiring an additional 139,483 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Xenia Hotels & Resorts by 1.1% in the third quarter. Bank of New York Mellon Corp now owns 1,018,308 shares of the real estate investment trust’s stock worth $24,134,000 after acquiring an additional 11,568 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of Xenia Hotels & Resorts by 1.4% in the fourth quarter. Two Sigma Investments LP now owns 110,763 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 1,534 shares during the last quarter. Institutional investors own 78.24% of the company’s stock.

Shares of XHR traded up $0.52 during mid-day trading on Thursday, reaching $22.23. The company’s stock had a trading volume of 509,700 shares, compared to its average volume of 983,468. The firm has a market capitalization of $2.50 billion, a P/E ratio of 9.95, a PEG ratio of 2.19 and a beta of 1.12. Xenia Hotels & Resorts has a 1 year low of $16.47 and a 1 year high of $25.90. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.63.

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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