Equities research analysts expect Xenia Hotels & Resorts Inc (NYSE:XHR) to announce $294.50 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with the highest sales estimate coming in at $301.68 million and the lowest estimate coming in at $287.40 million. Xenia Hotels & Resorts reported sales of $277.06 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.3%. The company is scheduled to announce its next earnings results on Thursday, August 1st.
According to Zacks, analysts expect that Xenia Hotels & Resorts will report full year sales of $1.13 billion for the current financial year, with estimates ranging from $1.11 billion to $1.16 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.15 billion, with estimates ranging from $1.12 billion to $1.18 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.49 by $0.04. The company had revenue of $293.69 million for the quarter, compared to analyst estimates of $276.03 million. Xenia Hotels & Resorts had a net margin of 14.23% and a return on equity of 8.48%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.53 EPS.
Several institutional investors have recently added to or reduced their stakes in XHR. Teachers Advisors LLC boosted its position in shares of Xenia Hotels & Resorts by 1.3% in the 3rd quarter. Teachers Advisors LLC now owns 1,146,794 shares of the real estate investment trust’s stock worth $27,179,000 after buying an additional 14,737 shares in the last quarter. Vanguard Group Inc boosted its position in shares of Xenia Hotels & Resorts by 3.0% in the 3rd quarter. Vanguard Group Inc now owns 18,394,603 shares of the real estate investment trust’s stock worth $435,952,000 after buying an additional 539,298 shares in the last quarter. Xact Kapitalforvaltning AB boosted its position in shares of Xenia Hotels & Resorts by 23.7% in the 4th quarter. Xact Kapitalforvaltning AB now owns 27,132 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 5,200 shares in the last quarter. Rhumbline Advisers boosted its position in shares of Xenia Hotels & Resorts by 38.7% in the 4th quarter. Rhumbline Advisers now owns 179,753 shares of the real estate investment trust’s stock worth $3,092,000 after buying an additional 50,156 shares in the last quarter. Finally, ClariVest Asset Management LLC boosted its position in shares of Xenia Hotels & Resorts by 0.9% in the 4th quarter. ClariVest Asset Management LLC now owns 244,000 shares of the real estate investment trust’s stock worth $4,197,000 after buying an additional 2,100 shares in the last quarter. Institutional investors and hedge funds own 87.35% of the company’s stock.
Shares of NYSE XHR traded up $0.07 during trading on Friday, hitting $21.20. 1,945 shares of the company were exchanged, compared to its average volume of 945,048. The firm has a market capitalization of $2.37 billion, a P/E ratio of 9.52, a PEG ratio of 2.04 and a beta of 1.07. Xenia Hotels & Resorts has a 1 year low of $16.47 and a 1 year high of $25.16. The company has a debt-to-equity ratio of 0.63, a quick ratio of 2.26 and a current ratio of 2.26.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Friday, June 28th will be given a $0.275 dividend. The ex-dividend date is Thursday, June 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.19%. Xenia Hotels & Resorts’s dividend payout ratio is presently 49.55%.
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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