Brokerages Anticipate Xenia Hotels & Resorts Inc (NYSE:XHR) Will Announce Quarterly Sales of $263.31 Million

Equities analysts expect that Xenia Hotels & Resorts Inc (NYSE:XHR) will report $263.31 million in sales for the current quarter, according to Zacks. Six analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with estimates ranging from $252.20 million to $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 business is scheduled to announce 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 fiscal year, with estimates ranging from $1.12 billion to $1.16 billion. For the next financial year, analysts anticipate that the firm will report sales of $1.16 billion, with estimates ranging from $1.12 billion to $1.19 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Xenia Hotels & Resorts.

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



XHR has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Thursday. KeyCorp initiated coverage on shares of Xenia Hotels & Resorts in a report on Tuesday, June 25th. They issued an “overweight” rating and a $24.00 target price for the company. Finally, B. Riley set a $24.00 target price on shares of Xenia Hotels & Resorts and gave the company a “hold” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Xenia Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $22.80.

Shares of Xenia Hotels & Resorts stock traded down $0.69 on Friday, hitting $19.77. 443,011 shares of the company traded hands, compared to its average volume of 677,438. The stock has a market capitalization of $2.26 billion, a P/E ratio of 8.91, a price-to-earnings-growth ratio of 1.87 and a beta of 1.01. 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 has a 52 week low of $16.47 and a 52 week high of $24.63. The business has a 50-day simple moving average of $21.00 and a 200 day simple moving average of $20.90.

Several hedge funds have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of Xenia Hotels & Resorts by 84.1% during the 4th quarter. Bank of America Corp DE now owns 129,851 shares of the real estate investment trust’s stock worth $2,234,000 after buying an additional 59,313 shares during the last quarter. FMR LLC raised its holdings in shares of Xenia Hotels & Resorts by 405.9% in the 4th quarter. FMR LLC now owns 115,503 shares of the real estate investment trust’s stock valued at $1,987,000 after purchasing an additional 92,670 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Xenia Hotels & Resorts by 1.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,702,166 shares of the real estate investment trust’s stock valued at $29,277,000 after purchasing an additional 23,236 shares during the period. Norges Bank bought a new stake in shares of Xenia Hotels & Resorts in the 4th quarter valued at about $23,694,000. Finally, Geode Capital Management LLC raised its holdings in shares of Xenia Hotels & Resorts by 6.6% in the 4th quarter. Geode Capital Management LLC now owns 1,788,735 shares of the real estate investment trust’s stock valued at $30,766,000 after purchasing an additional 110,807 shares during the period. 87.32% of the stock is owned by hedge funds and other institutional investors.

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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