Brokers expect Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) to report revenue of $242.80 million for the current quarter, Zacks reports. Six analysts made earnings estimates for Xenia Hotels & Resorts. The lowest sales estimate is $222.66 million and the highest is $266.50 million. Xenia Hotels & Resorts recorded sales of $151.97 million in the same quarter last year, which would indicate a positive growth rate of 59.8% year-over-year. The company is due to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Xenia Hotels & Resorts to report annual revenue of $932.20 million for the current fiscal year, with estimates ranging from $872.59 million to 990, $37 million. For the next fiscal year, analysts expect the company to post sales of $1.03 billion, with estimates ranging from $966.93 million to $1.08 billion. Zacks Investment Research sales averages are an average average based on a survey of research companies that provide coverage for Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last released quarterly earnings data on Tuesday, May 3. The real estate investment trust reported ($0.05) earnings per share for the quarter, missing analyst consensus estimates of $0.16 per ($0.21). The company posted revenue of $210.35 million in the quarter, versus a consensus estimate of $196.58 million. Xenia Hotels & Resorts recorded a negative net margin of 12.52% and a negative return on equity of 6.37%. The company’s revenue increased 139.3% year over year. In the same period a year earlier, the company posted ($0.18) earnings per share.
A number of analysts have recently released reports on the company. Zacks Investment Research upgraded Xenia Hotels & Resorts from a “buy” to a “hold” rating in a Friday, May 6 research report. TheStreet upgraded Xenia Hotels & Resorts from a “d+” to a “c-” rating in a research note on Thursday, March 3. StockNews.com downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a Friday, April 29 research note. Oppenheimer launched coverage on Xenia Hotels & Resorts in a research note on Thursday, April 21. They issued a “market performance” rating and a price target of $20.00 on the stock. Finally, B. Riley upgraded Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a price target of $22.00 on the stock in a Tuesday, May 10 research note. One research analyst rated the stock with a sell rating, two gave the company a hold rating and four gave the company a buy rating. Based on MarketBeat data, Xenia Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $21.40.
In other Xenia Hotels & Resorts news, insider Barry AN Bloom sold 25,000 shares in a trade dated Wednesday, April 13. The stock was sold at an average price of $19.10, for a total value of $477,500.00. Following the completion of the sale, the insider now directly owns 267,741 shares of the company, valued at $5,113,853.10. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders hold 2.40% of the company’s shares.
Several hedge funds have recently bought and sold shares of the company. Lazard Asset Management LLC acquired a new position in Xenia Hotels & Resorts during the first quarter valued at approximately $31,000. Allegheny Financial Group LTD acquired a new stake in shares of Xenia Hotels & Resorts in the fourth quarter valued at approximately $58,000. CWM LLC acquired a new stake in shares of Xenia Hotels & Resorts in the fourth quarter worth approximately $85,000. Prospera Financial Services Inc acquired a new stake in shares of Xenia Hotels & Resorts in the first quarter valued at approximately $143,000. Finally, Schroder Investment Management Group increased its position in shares of 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 worth $135,000 after buying 1,788 additional shares in the last quarter. 85.53% of the shares are held by institutional investors.
NYSE XHR shares opened at $18.15 on Friday. The company has a market capitalization of $2.08 billion, a P/E ratio of -22.41 and a beta of 1.42. The company has a quick ratio of 2.75, a current ratio of 2.75 and a leverage ratio of 0.99. Xenia Hotels & Resorts has a 12 month minimum of $15.15 and a 12 month maximum of $21.04. The company’s 50-day moving average is $18.74 and its two-hundred-day moving average is $18.15.
Xenia Hotels & Resorts Company Profile (Get a rating)
Xenia Hotels & Resorts, Inc is a self-administered, self-administered REIT that invests in uniquely positioned luxury and upscale hotels and resorts, focusing on the top 25 lodging markets in the United States as well as major leisure destinations in the United States. The Company owns 37 hotels with 10,749 rooms in 16 states.
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