Brokerages predict that Xenia Hotels & Resorts Inc (NYSE:XHR) will announce earnings of $0.45 per share for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings, with the highest EPS estimate coming in at $0.47 and the lowest estimate coming in at $0.44. Xenia Hotels & Resorts posted earnings per share of $0.50 in the same quarter last year, which suggests a negative year over year growth rate of 10%. The business is expected to announce its next quarterly earnings results before the market opens on Monday, November 5th.

On average, analysts expect that Xenia Hotels & Resorts will report full-year earnings of $2.19 per share for the current financial year, with EPS estimates ranging from $2.16 to $2.20. For the next fiscal year, analysts anticipate that the company will post earnings of $2.27 per share, with EPS estimates ranging from $2.19 to $2.36. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.26 EPS for the quarter, missing the consensus estimate of $0.63 by ($0.37). The firm had revenue of $277.10 million for the quarter, compared to analysts’ expectations of $272.14 million. Xenia Hotels & Resorts had a net margin of 10.33% and a return on equity of 6.23%. Xenia Hotels & Resorts’s revenue was up 13.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.59 EPS.

XHR has been the subject of a number of research reports. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a research note on Friday, October 5th. ValuEngine upgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Monday, July 2nd. Morgan Stanley upped their price target on shares of Xenia Hotels & Resorts from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Finally, Wells Fargo & Co lowered their price target on shares of Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating for the company in a report on Tuesday, August 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $25.14.

XHR stock traded up $0.09 during midday trading on Friday, reaching $21.73. The company had a trading volume of 3,206 shares, compared to its average volume of 493,796. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.45 and a quick ratio of 3.45. Xenia Hotels & Resorts has a 1 year low of $19.08 and a 1 year high of $25.90. The stock has a market cap of $2.46 billion, a PE ratio of 10.50, a P/E/G ratio of 1.74 and a beta of 0.89.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a dividend of $0.275 per share. The ex-dividend date was Thursday, September 27th. This represents a $1.10 dividend on an annualized basis and a yield of 5.06%. Xenia Hotels & Resorts’s dividend payout ratio is currently 53.40%.

A number of large investors have recently bought and sold shares of the stock. Bowling Portfolio Management LLC bought a new position in Xenia Hotels & Resorts in the 3rd quarter worth $1,431,000. MERIAN GLOBAL INVESTORS UK Ltd grew its position in shares of Xenia Hotels & Resorts by 6.2% in the 3rd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 161,227 shares of the real estate investment trust’s stock worth $3,821,000 after buying an additional 9,410 shares during the period. Bank of Montreal Can grew its position in shares of Xenia Hotels & Resorts by 31.9% in the 3rd quarter. Bank of Montreal Can now owns 293,145 shares of the real estate investment trust’s stock worth $6,947,000 after buying an additional 70,956 shares during the period. Goodwin Daniel L grew its position in shares of Xenia Hotels & Resorts by 12.5% in the 3rd quarter. Goodwin Daniel L now owns 67,160 shares of the real estate investment trust’s stock worth $1,592,000 after buying an additional 7,482 shares during the period. Finally, Northern Trust Corp grew its position in shares of Xenia Hotels & Resorts by 30.8% in the 2nd quarter. Northern Trust Corp now owns 2,525,312 shares of the real estate investment trust’s stock worth $61,517,000 after buying an additional 594,326 shares during the period. Institutional investors own 76.28% of the company’s stock.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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