Jefferies Financial Group Analysts Increase Earnings Estimates for Xenia Hotels & Resorts, Inc. (NYSE:XHR)

Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) – Equities research analysts at Jefferies Financial Group raised their Q3 2022 earnings per share estimates for Xenia Hotels & Resorts in a research report issued on Tuesday, May 3rd. Jefferies Financial Group analyst D. Katz now anticipates that the real estate investment trust will earn $0.32 per share for the quarter, up from their prior forecast of $0.27. Jefferies Financial Group also issued estimates for Xenia Hotels & Resorts’ Q4 2022 earnings at $0.38 EPS.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last issued its quarterly earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.21). Xenia Hotels & Resorts had a negative return on equity of 6.37% and a negative net margin of 12.52%. The business had revenue of $210.35 million for the quarter, compared to analysts’ expectations of $196.58 million. During the same period in the prior year, the company earned ($0.18) EPS. The company’s revenue for the quarter was up 139.3% compared to the same quarter last year.

Several other brokerages have also weighed in on XHR. StockNews.com lowered Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, April 29th. TheStreet raised Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Thursday, March 3rd. Oppenheimer started coverage on Xenia Hotels & Resorts in a research report on Thursday, April 21st. They issued a “market perform” rating and a $20.00 target price on the stock. Finally, Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $21.33.

Shares of Xenia Hotels & Resorts stock opened at $18.28 on Friday. Xenia Hotels & Resorts has a fifty-two week low of $15.15 and a fifty-two week high of $21.04. The business’s fifty day moving average is $18.89 and its two-hundred day moving average is $18.18. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.75 and a quick ratio of 6.93.

In other Xenia Hotels & Resorts news, insider Barry A. N. Bloom sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, April 13th. The stock was sold at an average price of $19.10, for a total value of $477,500.00. Following the transaction, the insider now directly owns 267,741 shares of the company’s stock, valued at $5,113,853.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. Allegheny Financial Group LTD acquired a new position in Xenia Hotels & Resorts in the fourth quarter worth about $58,000. CWM LLC acquired a new position in Xenia Hotels & Resorts in the fourth quarter worth about $85,000. Van ECK Associates Corp grew its stake in Xenia Hotels & Resorts by 15.6% in the third quarter. Van ECK Associates Corp now owns 5,313 shares of the real estate investment trust’s stock worth $94,000 after purchasing an additional 717 shares in the last quarter. Prospera Financial Services Inc acquired a new position in Xenia Hotels & Resorts in the first quarter worth about $143,000. Finally, Schroder Investment Management Group grew its stake in Xenia Hotels & Resorts by 31.6% in the fourth quarter. Schroder Investment Management Group now owns 7,450 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 1,788 shares in the last quarter. Institutional investors own 85.53% of the company’s stock.

About Xenia Hotels & Resorts (Get Rating)

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests 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 37 hotels comprising 10,749 rooms across 16 states.

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