Xenia Hotels & Resorts, Inc. (XHR) Releases Earnings Results
Xenia Hotels & Resorts, Inc. (NYSE:XHR) posted its quarterly earnings results on Monday. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.38, Bloomberg Earnings reports. The business had revenue of $223.28 million during the quarter, compared to analyst estimates of $219.67 million. Xenia Hotels & Resorts had a net margin of 15.99% and a return on equity of 8.91%. The company’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share.
Xenia Hotels & Resorts (NYSE:XHR) traded up $0.21 during mid-day trading on Tuesday, hitting $22.04. 1,008,267 shares of the stock traded hands, compared to its average volume of 577,736. The stock has a market capitalization of $2,270.00 and a P/E ratio of 10.15. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.23 and a quick ratio of 4.23. Xenia Hotels & Resorts has a 1 year low of $15.00 and a 1 year high of $22.30.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.275 dividend. The ex-dividend date was Thursday, September 28th. This represents a $1.10 dividend on an annualized basis and a dividend yield of 5.17%. Xenia Hotels & Resorts’s payout ratio is currently 80.88%.
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XHR has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. BidaskClub lowered shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, October 11th. Instinet reiterated a “buy” rating and issued a $22.00 price target on shares of Xenia Hotels & Resorts in a research report on Tuesday, August 29th. Finally, ValuEngine upgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “strong-buy” rating in a research report on Friday, October 6th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Xenia Hotels & Resorts has an average rating of “Buy” and a consensus target price of $21.67.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc (Xenia) is a self-advised and self-administered real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on var ious markets, as well as leisure destinations in the United States. As of October 4, 2017, the Company owned 39 hotels, 37 of which are completely owned, comprising 11,533 rooms, across 18 states and the District of Columbia, including a majority interest in two hotels owned through two investments in real estate entities.
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