Equities research analysts predict that Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) will announce $242.80 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $222.66 million and the highest estimate coming in at $266.50 million. Xenia Hotels & Resorts posted sales of $151.97 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 59.8%. The firm is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that Xenia Hotels & Resorts will report full year sales of $932.20 million for the current financial year, with estimates ranging from $872.59 million to $990.37 million. For the next year, analysts anticipate that the firm will post sales of $1.03 billion, with estimates ranging from $966.93 million to $1.08 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last announced 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). The company had revenue of $210.35 million during the quarter, compared to the consensus estimate of $196.58 million. Xenia Hotels & Resorts had a negative net margin of 12.52% and a negative return on equity of 6.37%. The business’s revenue was up 139.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.18) earnings per share.
Shares of XHR stock opened at $18.15 on Friday. The stock’s fifty day moving average is $18.74 and its 200-day moving average is $18.15. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a market capitalization of $2.08 billion, a PE ratio of -22.41 and a beta of 1.42. Xenia Hotels & Resorts has a 52 week low of $15.15 and a 52 week high of $21.04.
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 sale, the insider now owns 267,741 shares of the company’s stock, valued at $5,113,853.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 2.40% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of Xenia Hotels & Resorts during the first quarter worth about $386,000. Eaton Vance Management grew its stake in Xenia Hotels & Resorts by 5.0% in the first quarter. Eaton Vance Management now owns 12,480 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 597 shares in the last quarter. State Street Corp grew its stake in Xenia Hotels & Resorts by 12.8% in the first quarter. State Street Corp now owns 7,303,386 shares of the real estate investment trust’s stock valued at $140,882,000 after purchasing an additional 828,429 shares in the last quarter. Waterfront Capital Partners LLC bought a new position in Xenia Hotels & Resorts in the first quarter valued at approximately $18,914,000. Finally, Vident Investment Advisory LLC grew its stake in Xenia Hotels & Resorts by 47.1% in the first quarter. Vident Investment Advisory LLC now owns 16,978 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 5,437 shares in the last quarter. Institutional investors and hedge funds 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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