Brokerages forecast that Xenia Hotels & Resorts Inc (NYSE:XHR) will post earnings per share (EPS) of $0.54 for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at $0.53 and the highest estimate coming in at $0.57. Xenia Hotels & Resorts posted earnings of $0.58 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 6.9%. The firm is expected to report its next earnings results on Tuesday, February 25th.
On average, analysts expect that Xenia Hotels & Resorts will report full year earnings of $2.16 per share for the current fiscal year, with EPS estimates ranging from $2.15 to $2.17. For the next fiscal year, analysts anticipate that the business will report earnings of $2.17 per share, with EPS estimates ranging from $2.13 to $2.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last announced its earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Xenia Hotels & Resorts had a net margin of 12.23% and a return on equity of 7.90%. The business had revenue of $268.90 million during the quarter, compared to the consensus estimate of $260.97 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 11.6% compared to the same quarter last year.
XHR has been the topic of several recent research reports. Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and cut their target price for the company from $26.00 to $22.00 in a report on Thursday, October 17th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $21.00 price objective on shares of Xenia Hotels & Resorts in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, four 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 a consensus target price of $22.00.
Hedge funds have recently bought and sold shares of the stock. GSA Capital Partners LLP acquired a new position in Xenia Hotels & Resorts during the 2nd quarter worth approximately $241,000. Everence Capital Management Inc. purchased a new stake in Xenia Hotels & Resorts in the 2nd quarter worth about $295,000. State of New Jersey Common Pension Fund D bought a new position in Xenia Hotels & Resorts during the third quarter valued at about $2,287,000. Public Employees Retirement System of Ohio raised its position in shares of Xenia Hotels & Resorts by 17.6% during the second quarter. Public Employees Retirement System of Ohio now owns 236,828 shares of the real estate investment trust’s stock valued at $4,938,000 after buying an additional 35,409 shares during the last quarter. Finally, Prudential Financial Inc. boosted its stake in shares of Xenia Hotels & Resorts by 8.9% in the 2nd quarter. Prudential Financial Inc. now owns 2,679,521 shares of the real estate investment trust’s stock valued at $55,867,000 after purchasing an additional 219,150 shares in the last quarter. Hedge funds and other institutional investors own 88.23% of the company’s stock.
Shares of NYSE XHR traded up $0.61 during midday trading on Friday, hitting $21.47. The company’s stock had a trading volume of 975,150 shares, compared to its average volume of 752,777. The firm has a market cap of $2.42 billion, a P/E ratio of 9.67, a P/E/G ratio of 2.03 and a beta of 1.02. The firm’s fifty day moving average price is $21.06 and its 200-day moving average price is $21.05. Xenia Hotels & Resorts has a 1-year low of $16.47 and a 1-year high of $23.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.26 and a current ratio of 2.26.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.275 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.12%. Xenia Hotels & Resorts’s payout ratio is currently 49.55%.
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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