Xenia Hotels & Resorts (NYSE:XHR) Posts Quarterly Earnings Results, Beats Expectations By $0.46 EPS

Xenia Hotels & Resorts (NYSE:XHR) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.36 earnings per share for the quarter, beating the consensus estimate of ($0.10) by $0.46, Zacks reports. Xenia Hotels & Resorts had a negative return on equity of 0.61% and a negative net margin of 0.66%. The firm had revenue of $263.83 million during the quarter, compared to the consensus estimate of $256.91 million. During the same period in the previous year, the company posted $0.23 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis.

Xenia Hotels & Resorts Price Performance

Shares of XHR opened at $21.48 on Tuesday. The company has a 50 day moving average of $18.62 and a two-hundred day moving average of $17.59. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.17. Xenia Hotels & Resorts has a twelve month low of $12.31 and a twelve month high of $22.06. The company has a market cap of $1.98 billion, a price-to-earnings ratio of -307.18 and a beta of 1.18.

Xenia Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 2.6%. The ex-dividend date was Wednesday, September 30th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is -800.00%.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Weiss Ratings raised shares of Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. BMO Capital Markets cut shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and lowered their price target for the stock from $22.00 to $20.50 in a research report on Tuesday, September 1st. Finally, Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.12.

Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.

Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.

The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.