Xenia Hotels & Resorts Inc (NYSE:XHR) Expected to Post Quarterly Sales of $278.60 Million

Wall Street analysts predict that Xenia Hotels & Resorts Inc (NYSE:XHR) will post sales of $278.60 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with the highest sales estimate coming in at $284.86 million and the lowest estimate coming in at $269.40 million. Xenia Hotels & Resorts posted sales of $275.66 million in the same quarter last year, which indicates a positive year over year growth rate of 1.1%. The firm is expected to report its next quarterly earnings report on Tuesday, February 25th.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year sales of $1.14 billion for the current financial year, with estimates ranging from $1.13 billion to $1.15 billion. For the next financial year, analysts expect that the company will report sales of $1.16 billion, with estimates ranging from $1.13 billion to $1.18 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last posted its earnings results on Thursday, October 31st. The real estate investment trust reported $0.09 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $268.90 million for the quarter, compared to analyst estimates of $260.97 million. Xenia Hotels & Resorts had a return on equity of 7.90% and a net margin of 12.23%. The firm’s revenue was up 11.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.46 EPS.

A number of brokerages have commented on XHR. Zacks Investment Research raised Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group lowered Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price objective 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. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $21.00 price objective on shares of Xenia Hotels & Resorts in a report on Monday, November 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. Xenia Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $22.00.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Xenia Hotels & Resorts by 2.0% during the 2nd quarter. Vanguard Group Inc. now owns 18,344,971 shares of the real estate investment trust’s stock worth $382,492,000 after purchasing an additional 361,134 shares in the last quarter. Northern Trust Corp lifted its position in shares of Xenia Hotels & Resorts by 9.3% during the 2nd quarter. Northern Trust Corp now owns 2,702,277 shares of the real estate investment trust’s stock worth $56,343,000 after buying an additional 230,996 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of Xenia Hotels & Resorts by 8.9% during the 2nd quarter. Prudential Financial Inc. now owns 2,679,521 shares of the real estate investment trust’s stock worth $55,867,000 after buying an additional 219,150 shares during the last quarter. Bank of New York Mellon Corp lifted its position in shares of Xenia Hotels & Resorts by 3.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,844,160 shares of the real estate investment trust’s stock worth $38,451,000 after buying an additional 65,182 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Xenia Hotels & Resorts by 6.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,664,599 shares of the real estate investment trust’s stock worth $34,940,000 after buying an additional 94,962 shares during the last quarter. 87.21% of the stock is currently owned by hedge funds and other institutional investors.

NYSE XHR traded down $0.15 on Friday, reaching $21.03. The stock had a trading volume of 472,208 shares, compared to its average volume of 766,722. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.26 and a quick ratio of 2.26. The firm has a fifty day moving average of $20.99 and a two-hundred day moving average of $21.18. Xenia Hotels & Resorts has a 1-year low of $16.47 and a 1-year high of $23.33. The company has a market cap of $2.39 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 2.04 and a beta of 1.03.

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.

Featured Story: Support Level

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.