$0.50 EPS Expected for Xenia Hotels & Resorts (XHR) This Quarter

Brokerages forecast that Xenia Hotels & Resorts (NYSE:XHR) will post earnings of $0.50 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with estimates ranging from $0.49 to $0.51. Xenia Hotels & Resorts reported earnings of $0.44 per share during the same quarter last year, which suggests a positive year over year growth rate of 13.6%. The business is expected to report its next quarterly earnings report before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full year earnings of $2.12 per share for the current fiscal year, with EPS estimates ranging from $2.11 to $2.14. For the next fiscal year, analysts forecast that the firm will post earnings of $2.14 per share. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Xenia Hotels & Resorts.

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Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings data on Tuesday, February 27th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.07. Xenia Hotels & Resorts had a net margin of 10.46% and a return on equity of 5.99%. The company had revenue of $259.10 million during the quarter, compared to analyst estimates of $243.21 million. During the same period in the previous year, the business earned $0.55 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis.

XHR has been the subject of a number of recent analyst reports. ValuEngine lowered shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, March 16th. Morgan Stanley decreased their price objective on shares of Xenia Hotels & Resorts from $21.00 to $20.00 and set an “equal weight” rating for the company in a report on Wednesday, February 28th. Finally, B. Riley upgraded shares of Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $22.00.

NYSE XHR traded down $0.08 during mid-day trading on Thursday, reaching $20.57. The stock had a trading volume of 303,017 shares, compared to its average volume of 451,863. Xenia Hotels & Resorts has a 1 year low of $17.25 and a 1 year high of $22.76. The firm has a market cap of $2,201.72, a P/E ratio of 10.05, a PEG ratio of 2.01 and a beta of 0.85. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.80.

The business also recently announced a quarterly dividend, which was paid on Friday, April 13th. Shareholders of record on Friday, March 30th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.10 dividend on an annualized basis and a yield of 5.35%. Xenia Hotels & Resorts’s dividend payout ratio is presently 53.40%.

A number of institutional investors and hedge funds have recently made changes to their positions in XHR. Nationwide Fund Advisors raised its stake in Xenia Hotels & Resorts by 8.2% during the 3rd quarter. Nationwide Fund Advisors now owns 249,162 shares of the real estate investment trust’s stock valued at $5,245,000 after buying an additional 18,906 shares during the last quarter. Sei Investments Co. raised its stake in Xenia Hotels & Resorts by 27.0% during the 3rd quarter. Sei Investments Co. now owns 11,000 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 2,338 shares during the last quarter. New York State Common Retirement Fund raised its stake in Xenia Hotels & Resorts by 19.1% during the 3rd quarter. New York State Common Retirement Fund now owns 141,606 shares of the real estate investment trust’s stock valued at $2,981,000 after buying an additional 22,698 shares during the last quarter. SG Americas Securities LLC raised its stake in Xenia Hotels & Resorts by 207.5% during the 3rd quarter. SG Americas Securities LLC now owns 21,018 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 14,182 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its stake in Xenia Hotels & Resorts by 5.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 434,058 shares of the real estate investment trust’s stock valued at $9,138,000 after buying an additional 21,501 shares during the last quarter. Institutional investors and hedge funds own 72.85% of the company’s stock.

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About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 39 hotels, including 37 wholly owned hotels, comprising 11,497 rooms, across 18 states and the District of Columbia.

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