Brokerages Anticipate Xenia Hotels & Resorts Inc (NYSE:XHR) Will Announce Quarterly Sales of $263.31 Million

Wall Street brokerages expect Xenia Hotels & Resorts Inc (NYSE:XHR) to post $263.31 million in sales for the current quarter, according to Zacks. Six analysts have made estimates for Xenia Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $252.20 million and the highest estimate coming in at $275.44 million. Xenia Hotels & Resorts reported sales of $240.99 million in the same quarter last year, which indicates a positive year-over-year growth rate of 9.3%. The business is scheduled to issue its next earnings report on Monday, November 4th.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full year sales of $1.14 billion for the current year, with estimates ranging from $1.12 billion to $1.16 billion. For the next year, analysts forecast that the company will report sales of $1.16 billion, with estimates ranging from $1.12 billion to $1.19 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last issued its earnings results on Thursday, August 1st. The real estate investment trust reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.03. The company had revenue of $304.30 million for the quarter, compared to analysts’ expectations of $292.57 million. Xenia Hotels & Resorts had a net margin of 12.44% and a return on equity of 7.82%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.66 EPS.

Several research analysts have recently weighed in on XHR shares. KeyCorp started coverage on shares of Xenia Hotels & Resorts in a research report on Tuesday, June 25th. They set an “overweight” rating and a $24.00 price target on the stock. B. Riley set a $24.00 target price on Xenia Hotels & Resorts and gave the company a “hold” rating in a report on Friday, May 3rd. Finally, Zacks Investment Research downgraded Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Xenia Hotels & Resorts currently has an average rating of “Hold” and an average price target of $22.80.

Shares of Xenia Hotels & Resorts stock traded down $0.29 during trading hours on Friday, reaching $20.40. 8,232 shares of the company’s stock were exchanged, compared to its average volume of 709,638. Xenia Hotels & Resorts has a 1 year low of $16.47 and a 1 year high of $24.63. The company has a market capitalization of $2.33 billion, a P/E ratio of 9.19, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The business has a fifty day moving average of $21.09 and a two-hundred day moving average of $20.87. The company has a quick ratio of 2.40, a current ratio of 2.40 and a debt-to-equity ratio of 0.64.

Several institutional investors have recently added to or reduced their stakes in XHR. CWM LLC grew its position in shares of Xenia Hotels & Resorts by 11.8% in the 2nd quarter. CWM LLC now owns 4,925 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 520 shares during the last quarter. Raymond James Trust N.A. lifted its position in Xenia Hotels & Resorts by 4.8% during the 1st quarter. Raymond James Trust N.A. now owns 13,528 shares of the real estate investment trust’s stock worth $296,000 after acquiring an additional 625 shares in the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Xenia Hotels & Resorts by 3.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 21,840 shares of the real estate investment trust’s stock worth $479,000 after acquiring an additional 668 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Xenia Hotels & Resorts by 0.9% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 78,111 shares of the real estate investment trust’s stock worth $1,628,000 after acquiring an additional 700 shares in the last quarter. Finally, Profund Advisors LLC lifted its position in Xenia Hotels & Resorts by 4.6% during the 2nd quarter. Profund Advisors LLC now owns 16,822 shares of the real estate investment trust’s stock worth $351,000 after acquiring an additional 740 shares in the last quarter. 87.32% of the stock is 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 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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