Equities research analysts predict that Xenia Hotels & Resorts Inc (NYSE:XHR) will report $268.46 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest sales estimate is $262.70 million and the highest is $273.48 million. Xenia Hotels & Resorts reported sales of $259.14 million in the same quarter last year, which indicates a positive year over year growth rate of 3.6%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, February 26th.
According to Zacks, analysts expect that Xenia Hotels & Resorts will report full year sales of $1.05 billion for the current fiscal year, with estimates ranging from $1.05 billion to $1.06 billion. For the next financial year, analysts expect that the firm will report sales of $1.12 billion, with estimates ranging from $1.09 billion to $1.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Xenia Hotels & Resorts.
Several research firms recently commented on XHR. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Saturday, January 26th. B. Riley set a $25.00 price objective on shares of Xenia Hotels & Resorts and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Finally, Morgan Stanley lowered shares of Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $22.00 to $17.00 in a research note on Thursday, December 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $23.67.
Shares of NYSE:XHR traded up $0.25 during trading hours on Friday, hitting $19.29. The company’s stock had a trading volume of 501,500 shares, compared to its average volume of 506,865. Xenia Hotels & Resorts has a 52 week low of $16.47 and a 52 week high of $25.90. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.95 and a current ratio of 1.95. The firm has a market cap of $2.15 billion, a P/E ratio of 9.36, a P/E/G ratio of 1.52 and a beta of 1.12.
In related news, insider Marcel Verbaas bought 5,000 shares of the company’s stock in a transaction on Friday, November 30th. The shares were bought at an average price of $19.99 per share, with a total value of $99,950.00. Following the transaction, the insider now owns 100,726 shares in the company, valued at $2,013,512.74. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.89% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in XHR. FMR LLC purchased a new stake in Xenia Hotels & Resorts during the 2nd quarter worth approximately $578,000. Raymond James & Associates grew its position in Xenia Hotels & Resorts by 89.4% during the 2nd quarter. Raymond James & Associates now owns 36,075 shares of the real estate investment trust’s stock worth $879,000 after purchasing an additional 17,025 shares during the last quarter. Bank of Montreal Can grew its position in Xenia Hotels & Resorts by 31.9% during 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 purchasing an additional 70,956 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd boosted its holdings 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 valued at $3,821,000 after acquiring an additional 9,410 shares during the last quarter. Finally, Bowling Portfolio Management LLC purchased a new stake in shares of Xenia Hotels & Resorts in the 3rd quarter valued at $1,431,000. 77.89% of the stock is currently owned by institutional investors.
About Xenia Hotels & Resorts
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 40 hotels comprising 11,239 rooms, across 17 states and the District of Columbia.
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