Analysts Anticipate Xenia Hotels & Resorts, Inc. (NYSE:XHR) Will Announce Earnings of $0.38 Per Share

Wall Street brokerages predict that Xenia Hotels & Resorts, Inc. (NYSE:XHRGet Rating) will announce $0.38 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Xenia Hotels & Resorts’ earnings, with estimates ranging from $0.35 to $0.41. Xenia Hotels & Resorts posted earnings of $0.08 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 375%. The business is expected to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full year earnings of $1.25 per share for the current year, with EPS estimates ranging from $1.14 to $1.34. For the next year, analysts expect that the firm will report earnings of $1.64 per share, with EPS estimates ranging from $1.44 to $1.77. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHRGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $196.58 million. During the same quarter in the prior year, the company earned ($0.18) earnings per share. Xenia Hotels & Resorts’s quarterly revenue was up 139.3% compared to the same quarter last year.

Several brokerages recently weighed in on XHR. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Friday. TheStreet upgraded Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Thursday, March 3rd. Oppenheimer began 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 for the company. Finally, StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Friday, April 29th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Xenia Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $21.33.

In other 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 transaction of $477,500.00. Following the completion of the transaction, the insider now directly owns 267,741 shares in the company, valued at $5,113,853.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Maryland State Retirement & Pension System grew its stake in Xenia Hotels & Resorts by 1.3% during the first quarter. Maryland State Retirement & Pension System now owns 45,798 shares of the real estate investment trust’s stock worth $883,000 after purchasing an additional 598 shares during the period. Thrivent Financial for Lutherans grew its stake in Xenia Hotels & Resorts by 0.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 92,945 shares of the real estate investment trust’s stock valued at $1,683,000 after acquiring an additional 629 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in Xenia Hotels & Resorts by 5.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,627 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 666 shares during the period. Advisor Partners LLC grew its stake in Xenia Hotels & Resorts by 6.2% in the fourth quarter. Advisor Partners LLC now owns 12,171 shares of the real estate investment trust’s stock valued at $221,000 after acquiring an additional 715 shares during the period. Finally, 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 valued at $94,000 after acquiring an additional 717 shares during the period. 85.53% of the stock is owned by institutional investors and hedge funds.

Shares of XHR stock opened at $18.53 on Wednesday. The company has a quick ratio of 6.93, a current ratio of 2.75 and a debt-to-equity ratio of 0.99. Xenia Hotels & Resorts has a twelve month low of $15.15 and a twelve month high of $21.04. The company has a market cap of $2.12 billion, a P/E ratio of -22.88 and a beta of 1.42. The business has a fifty day simple moving average of $18.89 and a 200 day simple moving average of $18.18.

Xenia Hotels & Resorts Company Profile (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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