Wall Street brokerages expect Xenia Hotels & Resorts Inc (NYSE:XHR) to announce earnings of $0.44 per share for the current quarter, according to Zacks. Six analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.46. Xenia Hotels & Resorts reported earnings of $0.46 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The firm is expected to report its next earnings report on Monday, November 4th.

On average, analysts expect that Xenia Hotels & Resorts will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.19. For the next financial year, analysts expect that the company will post earnings of $2.18 per share, with EPS estimates ranging from $2.15 to $2.21. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.03. Xenia Hotels & Resorts had a return on equity of 7.82% and a net margin of 12.44%. The company had revenue of $304.30 million during the quarter, compared to analyst estimates of $292.57 million. During the same quarter in the previous year, the firm earned $0.66 earnings per share. Xenia Hotels & Resorts’s revenue was up 9.8% on a year-over-year basis.

A number of brokerages have recently commented on XHR. KeyCorp initiated coverage on Xenia Hotels & Resorts in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $24.00 price target on the stock. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and set a $23.00 price target for the company. in a research report on Sunday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $22.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pinnacle Wealth Planning Services Inc. raised its position in shares of Xenia Hotels & Resorts by 27.4% during the first quarter. Pinnacle Wealth Planning Services Inc. now owns 28,260 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 6,075 shares during the last quarter. Versant Capital Management Inc bought a new stake in shares of Xenia Hotels & Resorts in the 2nd quarter valued at $37,000. Point72 Hong Kong Ltd acquired a new position in shares of Xenia Hotels & Resorts during the second quarter worth approximately $40,000. Steward Partners Investment Advisory LLC bought a new stake in Xenia Hotels & Resorts during the 2nd quarter worth approximately $45,000. Finally, Point72 Asset Management L.P. bought a new position in Xenia Hotels & Resorts during the 2nd quarter valued at $54,000. Institutional investors own 87.48% of the company’s stock.

Shares of Xenia Hotels & Resorts stock traded up $0.48 during midday trading on Friday, reaching $21.89. 917,170 shares of the company’s stock traded hands, compared to its average volume of 822,240. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.40 and a current ratio of 2.40. Xenia Hotels & Resorts has a 12 month low of $16.47 and a 12 month high of $24.10. The company has a market cap of $2.38 billion, a PE ratio of 9.86, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03. The stock has a 50 day moving average of $20.70 and a 200-day moving average of $21.02.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily 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 40 hotels comprising 11,167 rooms across 17 states.

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