Zacks: Analysts Expect Xenia Hotels & Resorts, Inc. (NYSE:XHR) Will Announce Quarterly Sales of $67.98 Million


Share on StockTwits

Equities analysts predict that Xenia Hotels & Resorts, Inc. (NYSE:XHR) will report sales of $67.98 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Xenia Hotels & Resorts’ earnings. The lowest sales estimate is $50.20 million and the highest is $96.24 million. Xenia Hotels & Resorts posted sales of $282.19 million in the same quarter last year, which suggests a negative year-over-year growth rate of 75.9%. The business is expected to announce its next earnings report before the market opens on Monday, March 1st.

On average, analysts expect that Xenia Hotels & Resorts will report full year sales of $361.67 million for the current fiscal year, with estimates ranging from $339.17 million to $390.37 million. For the next fiscal year, analysts expect that the business will post sales of $548.05 million, with estimates ranging from $475.29 million to $606.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Xenia Hotels & Resorts.

Several equities research analysts have recently commented on the company. Morgan Stanley downgraded Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and set a $13.00 target price for the company. in a report on Wednesday, January 20th. Wells Fargo & Company raised Xenia Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $12.50 to $18.00 in a research note on Thursday, December 10th. Jefferies Financial Group raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and increased their price objective for the stock from $9.00 to $18.00 in a research note on Monday, November 23rd. Zacks Investment Research downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, February 4th. Finally, Raymond James raised Xenia Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $18.00 price objective for the company in a research note on Tuesday, January 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $16.00.

Shares of NYSE:XHR traded up $0.57 on Tuesday, hitting $19.49. The company’s stock had a trading volume of 430,439 shares, compared to its average volume of 538,764. Xenia Hotels & Resorts has a 12 month low of $6.14 and a 12 month high of $19.59. The company has a market capitalization of $2.22 billion, a price-to-earnings ratio of -19.50 and a beta of 1.04. The company has a debt-to-equity ratio of 1.03, a quick ratio of 6.23 and a current ratio of 6.23. The stock’s 50-day moving average is $15.95 and its two-hundred day moving average is $12.21.

In other Xenia Hotels & Resorts news, insider Barry A. N. Bloom sold 18,499 shares of the company’s stock in a transaction dated Friday, January 15th. The stock was sold at an average price of $16.23, for a total value of $300,238.77. Following the transaction, the insider now directly owns 57,135 shares of the company’s stock, valued at approximately $927,301.05. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Marcel Verbaas sold 60,000 shares of the company’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $18.12, for a total value of $1,087,200.00. Following the completion of the transaction, the insider now directly owns 582,177 shares in the company, valued at $10,549,047.24. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Swiss National Bank increased its holdings in shares of Xenia Hotels & Resorts by 2.2% during the 3rd quarter. Swiss National Bank now owns 257,180 shares of the real estate investment trust’s stock valued at $2,258,000 after acquiring an additional 5,500 shares during the last quarter. Paloma Partners Management Co acquired a new position in shares of Xenia Hotels & Resorts during the 3rd quarter valued at about $187,000. First Trust Advisors LP increased its holdings in shares of Xenia Hotels & Resorts by 40.6% during the 3rd quarter. First Trust Advisors LP now owns 156,539 shares of the real estate investment trust’s stock valued at $1,374,000 after acquiring an additional 45,188 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Xenia Hotels & Resorts by 20.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 26,218 shares of the real estate investment trust’s stock valued at $230,000 after acquiring an additional 4,518 shares during the last quarter. Finally, NEXT Financial Group Inc acquired a new position in shares of Xenia Hotels & Resorts during the 3rd quarter valued at about $34,000. 79.66% of the stock is currently owned by institutional investors and hedge funds.

About Xenia Hotels & Resorts

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests 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 37 hotels comprising 10,749 rooms across 16 states.

Recommended Story: Stock Market – What is a circuit breaker?

Get a free copy of the Zacks research report on Xenia Hotels & Resorts (XHR)

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.