Brokerages Expect Xenia Hotels & Resorts Inc (XHR) Will Post Earnings of $0.57 Per Share

Equities analysts expect Xenia Hotels & Resorts Inc (NYSE:XHR) to post earnings per share (EPS) of $0.57 for the current quarter, Zacks reports. Five analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest EPS estimate is $0.56 and the highest is $0.59. Xenia Hotels & Resorts posted earnings per share of $0.52 in the same quarter last year, which would indicate a positive year over year growth rate of 9.6%. The firm is scheduled to announce its next earnings report before the market opens on Tuesday, February 26th.

On average, analysts expect that Xenia Hotels & Resorts will report full-year earnings of $2.21 per share for the current year, with EPS estimates ranging from $2.20 to $2.23. For the next fiscal year, analysts forecast that the company will report earnings of $2.22 per share, with EPS estimates ranging from $2.17 to $2.28. Zacks’ earnings per share averages are an average based on a survey of research analysts that follow Xenia Hotels & Resorts.

A number of equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Saturday, January 26th. B. Riley set a $25.00 price target on shares of Xenia Hotels & Resorts and gave the stock a “hold” rating in a report on Tuesday, November 6th. Finally, Morgan Stanley downgraded shares of Xenia Hotels & Resorts from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $22.00 to $17.00 in a report on Thursday, December 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $23.67.

In other news, insider Marcel Verbaas purchased 5,000 shares of the stock in a transaction dated Friday, November 30th. The stock was acquired at an average cost of $19.99 per share, for a total transaction of $99,950.00. Following the completion of the acquisition, the insider now directly owns 100,726 shares in the company, valued at approximately $2,013,512.74. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.89% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in shares of Xenia Hotels & Resorts by 1.9% in the fourth quarter. State of Alaska Department of Revenue now owns 36,761 shares of the real estate investment trust’s stock worth $632,000 after acquiring an additional 673 shares during the last quarter. James Investment Research Inc. boosted its position in shares of Xenia Hotels & Resorts by 1.3% in the fourth quarter. James Investment Research Inc. now owns 55,264 shares of the real estate investment trust’s stock worth $950,000 after acquiring an additional 729 shares during the last quarter. Utah Retirement Systems boosted its position in shares of Xenia Hotels & Resorts by 4.9% in the fourth quarter. Utah Retirement Systems now owns 17,100 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 800 shares during the last quarter. Bessemer Group Inc. boosted its position in shares of Xenia Hotels & Resorts by 1.1% in the fourth quarter. Bessemer Group Inc. now owns 88,600 shares of the real estate investment trust’s stock worth $1,524,000 after acquiring an additional 1,000 shares during the last quarter. Finally, Two Sigma Investments LP boosted its position in shares of Xenia Hotels & Resorts by 1.4% in the fourth quarter. Two Sigma Investments LP now owns 110,763 shares of the real estate investment trust’s stock worth $1,905,000 after acquiring an additional 1,534 shares during the last quarter. 77.89% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE XHR traded up $0.25 during midday trading on Wednesday, reaching $19.29. 501,500 shares of the stock were exchanged, compared to its average volume of 506,865. The company has a market cap of $2.15 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 1.52 and a beta of 1.12. 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 current ratio of 1.95 and a quick ratio of 1.95.

Xenia Hotels & Resorts Company Profile

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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