Equities research analysts expect Xenia Hotels & Resorts (NYSE:XHR) to report sales of $250.90 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Xenia Hotels & Resorts’ earnings. The lowest sales estimate is $244.81 million and the highest is $262.00 million. Xenia Hotels & Resorts reported sales of $218.46 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.8%. The company is scheduled to announce its next quarterly earnings report before the market opens on Thursday, May 3rd.
According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year sales of $1.02 billion for the current year, with estimates ranging from $1.00 billion to $1.06 billion. For the next year, analysts expect that the business will report sales of $1.02 billion per share, with estimates ranging from $994.45 million to $1.07 billion. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Xenia Hotels & Resorts.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings results on Tuesday, February 27th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.07. Xenia Hotels & Resorts had a net margin of 10.46% and a return on equity of 5.99%. The company had revenue of $259.10 million for the quarter, compared to analyst estimates of $243.21 million. During the same quarter in the previous year, the firm posted $0.55 earnings per share. The company’s quarterly revenue was up 17.9% compared to the same quarter last year.
Shares of NYSE XHR traded down $0.08 during midday trading on Friday, hitting $20.49. The company’s stock had a trading volume of 395,316 shares, compared to its average volume of 397,938. Xenia Hotels & Resorts has a one year low of $17.28 and a one year high of $22.76. The company has a quick ratio of 2.16, a current ratio of 2.16 and a debt-to-equity ratio of 0.80. The firm has a market cap of $2,197.45, a P/E ratio of 9.95, a price-to-earnings-growth ratio of 2.00 and a beta of 0.85.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, March 28th. This represents a $1.10 annualized dividend and a yield of 5.37%. Xenia Hotels & Resorts’s dividend payout ratio is currently 53.40%.
A number of large investors have recently modified their holdings of the stock. Sei Investments Co. grew its stake in Xenia Hotels & Resorts by 27.0% during the third quarter. Sei Investments Co. now owns 11,000 shares of the real estate investment trust’s stock valued at $232,000 after acquiring an additional 2,338 shares in the last quarter. Brown Advisory Inc. grew its stake in Xenia Hotels & Resorts by 0.3% during the fourth quarter. Brown Advisory Inc. now owns 1,211,876 shares of the real estate investment trust’s stock valued at $26,165,000 after acquiring an additional 3,927 shares in the last quarter. Strs Ohio grew its stake in Xenia Hotels & Resorts by 2.4% during the fourth quarter. Strs Ohio now owns 170,120 shares of the real estate investment trust’s stock valued at $3,672,000 after acquiring an additional 4,044 shares in the last quarter. Guggenheim Capital LLC grew its stake in Xenia Hotels & Resorts by 5.0% during the fourth quarter. Guggenheim Capital LLC now owns 92,410 shares of the real estate investment trust’s stock valued at $1,996,000 after acquiring an additional 4,394 shares in the last quarter. Finally, Swiss National Bank grew its stake in Xenia Hotels & Resorts by 2.8% during the fourth quarter. Swiss National Bank now owns 181,780 shares of the real estate investment trust’s stock valued at $3,925,000 after acquiring an additional 4,900 shares in the last quarter. 72.85% of the stock is owned by institutional investors.
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About Xenia Hotels & Resorts
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 39 hotels, including 37 wholly owned hotels, comprising 11,497 rooms, across 18 states and the District of Columbia.
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