Zacks: Analysts Expect Xenia Hotels & Resorts Inc (NYSE:XHR) to Post $0.54 EPS

Analysts expect Xenia Hotels & Resorts Inc (NYSE:XHR) to post $0.54 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Xenia Hotels & Resorts’ earnings. The highest EPS estimate is $0.57 and the lowest is $0.53. Xenia Hotels & Resorts posted earnings per share of $0.58 during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.9%. The company is scheduled to announce its next earnings results on Tuesday, February 25th.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.17. For the next financial year, analysts forecast that the firm will report earnings of $2.17 per share, with EPS estimates ranging from $2.13 to $2.20. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. The firm had revenue of $268.90 million for the quarter, compared to the consensus estimate of $260.97 million. Xenia Hotels & Resorts had a return on equity of 7.90% and a net margin of 12.23%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same period last year, the business posted $0.46 EPS.

XHR has been the topic of a number of research reports. BMO Capital Markets restated a “hold” rating and issued a $21.00 price target on shares of Xenia Hotels & Resorts in a research note on Monday, November 4th. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, Jefferies Financial Group downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price target for the stock from $26.00 to $22.00 in a research note on Thursday, October 17th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $22.00.

Shares of XHR stock traded up $0.04 on Friday, reaching $21.19. The stock had a trading volume of 426,178 shares, compared to its average volume of 475,239. The stock has a market cap of $2.38 billion, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 2.04 and a beta of 1.01. Xenia Hotels & Resorts has a 1 year low of $16.47 and a 1 year high of $23.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.26 and a current ratio of 2.26. The company has a 50 day simple moving average of $21.16 and a 200 day simple moving average of $21.02.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.10 annualized dividend and a yield of 5.19%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is presently 49.55%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP purchased a new position in Xenia Hotels & Resorts during the second quarter valued at $241,000. State of New Jersey Common Pension Fund D purchased a new position in Xenia Hotels & Resorts during the third quarter valued at $2,287,000. Everence Capital Management Inc. purchased a new position in Xenia Hotels & Resorts during the second quarter valued at $295,000. Public Employees Retirement System of Ohio lifted its position in Xenia Hotels & Resorts by 17.6% during the second quarter. Public Employees Retirement System of Ohio now owns 236,828 shares of the real estate investment trust’s stock valued at $4,938,000 after purchasing an additional 35,409 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in Xenia Hotels & Resorts by 8.9% during the second quarter. Prudential Financial Inc. now owns 2,679,521 shares of the real estate investment trust’s stock valued at $55,867,000 after purchasing an additional 219,150 shares in the last quarter. Institutional investors own 88.20% of the company’s stock.

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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