Wall Street brokerages expect Xenia Hotels & Resorts Inc (NYSE:XHR) to announce sales of $294.69 million for the current quarter, Zacks reports. Five analysts have issued estimates for Xenia Hotels & Resorts’ earnings. The highest sales estimate is $302.64 million and the lowest is $287.40 million. Xenia Hotels & Resorts posted sales of $277.06 million in the same quarter last year, which suggests a positive year over year growth rate of 6.4%. The company is scheduled to report its next quarterly 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 fiscal year, with estimates ranging from $1.11 billion to $1.16 billion. For the next financial year, analysts anticipate that the business will post sales of $1.15 billion, with estimates ranging from $1.12 billion to $1.18 billion. Zacks’ sales calculations are a mean average based on a survey of research analysts that follow Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.49 by $0.04. Xenia Hotels & Resorts had a net margin of 14.23% and a return on equity of 8.48%. The firm had revenue of $293.69 million for the quarter, compared to analyst estimates of $276.03 million. During the same period last year, the firm earned $0.53 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year.
A number of research firms have weighed in on XHR. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Friday. B. Riley set a $24.00 price objective on shares of Xenia Hotels & Resorts and gave the company a “hold” rating in a research note on Friday, May 3rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $23.50.
Several institutional investors have recently added to or reduced their stakes in XHR. Pinnacle Wealth Planning Services Inc. lifted its position in shares of Xenia Hotels & Resorts by 27.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 6,075 shares in the last quarter. Sun Life Financial INC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $42,000. LS Investment Advisors LLC bought a new position in shares of Xenia Hotels & Resorts during the first quarter valued at about $73,000. Bremer Trust National Association bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $82,000. Finally, Quantamental Technologies LLC bought a new position in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $101,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Xenia Hotels & Resorts stock traded up $0.52 during trading hours on Friday, reaching $22.23. The company’s stock had a trading volume of 509,700 shares, compared to its average volume of 983,468. Xenia Hotels & Resorts has a one year low of $16.47 and a one year high of $25.90. The firm has a market capitalization of $2.50 billion, a price-to-earnings ratio of 9.95, a price-to-earnings-growth ratio of 2.19 and a beta of 1.12. The company has a current ratio of 2.26, a quick ratio of 2.26 and a debt-to-equity ratio of 0.63.
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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