Zacks: Analysts Anticipate Xenia Hotels & Resorts Inc (NYSE:XHR) to Announce $0.53 Earnings Per Share
Wall Street analysts predict that Xenia Hotels & Resorts Inc (NYSE:XHR) will report earnings per share (EPS) of $0.53 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Xenia Hotels & Resorts’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.52. Xenia Hotels & Resorts posted earnings of $0.58 per share during the same quarter last year, which suggests a negative year over year growth rate of 8.6%. The company is expected to announce its next quarterly earnings results after the market closes on Monday, February 24th.
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 $2.13 to $2.17. For the next financial year, analysts forecast that the business will post earnings of $2.13 per share, with EPS estimates ranging from $1.99 to $2.20. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $268.90 million during the quarter, compared to the consensus estimate of $260.97 million. Xenia Hotels & Resorts had a net margin of 12.23% and a return on equity of 7.90%. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 earnings per share.
Shares of XHR stock traded down $0.21 during trading hours on Tuesday, reaching $20.37. The stock had a trading volume of 696,082 shares, compared to its average volume of 553,352. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.26 and a quick ratio of 2.26. Xenia Hotels & Resorts has a twelve month low of $17.72 and a twelve month high of $23.33. The firm has a 50-day simple moving average of $21.17 and a 200-day simple moving average of $21.03. The firm has a market capitalization of $2.32 billion, a PE ratio of 16.56, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were given a $0.275 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.10 dividend on an annualized basis and a yield of 5.40%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 49.55%.
A number of institutional investors and hedge funds have recently modified their holdings of XHR. Nisa Investment Advisors LLC lifted its stake in shares of Xenia Hotels & Resorts by 20.5% in the fourth quarter. Nisa Investment Advisors LLC now owns 35,676 shares of the real estate investment trust’s stock worth $771,000 after buying an additional 6,064 shares during the last quarter. AE Wealth Management LLC grew its holdings in Xenia Hotels & Resorts by 2.9% during the fourth quarter. AE Wealth Management LLC now owns 21,490 shares of the real estate investment trust’s stock worth $464,000 after purchasing an additional 605 shares during the period. Johanson Financial Advisors Inc. acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter worth about $237,000. State of Alaska Department of Revenue grew its holdings in Xenia Hotels & Resorts by 21.8% in the 4th quarter. State of Alaska Department of Revenue now owns 117,179 shares of the real estate investment trust’s stock valued at $2,531,000 after buying an additional 20,964 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in shares of Xenia Hotels & Resorts during the 3rd quarter worth approximately $352,000. 88.23% of the stock is currently owned by hedge funds and other institutional investors.
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.
Further Reading: Derivative
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Xenia Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xenia Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.