Xenia Hotels & Resorts, Inc. (XHR) Releases FY17 Earnings Guidance
Xenia Hotels & Resorts, Inc. (NYSE:XHR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $2.01-2.07 for the period, compared to the Thomson Reuters consensus estimate of $2.03.
Shares of Xenia Hotels & Resorts, Inc. (NYSE:XHR) traded up $0.21 on Tuesday, reaching $22.04. 1,008,267 shares of the company’s stock traded hands, compared to its average volume of 577,736. The company has a current ratio of 4.23, a quick ratio of 4.23 and a debt-to-equity ratio of 0.64. Xenia Hotels & Resorts, Inc. has a 1-year low of $15.00 and a 1-year high of $22.30. The firm has a market capitalization of $2,360.00 and a P/E ratio of 10.15.
Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Monday, November 6th. The real estate investment trust reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.38. The firm 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 for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. equities analysts expect that Xenia Hotels & Resorts, Inc. will post 1.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.275 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.10 annualized dividend and a yield of 4.99%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 80.88%.
Several research firms have commented on XHR. FBR & Co began coverage on shares of Xenia Hotels & Resorts in a research note on Friday, October 27th. They issued a neutral rating and a $23.00 price objective for the company. TheStreet upgraded shares of Xenia Hotels & Resorts from a c+ rating to a b- rating in a research note on Wednesday, October 11th. Wells Fargo & Company increased their price objective on shares of Xenia Hotels & Resorts from $19.50 to $20.00 and gave the company an outperform rating in a research note on Friday, October 6th. ValuEngine upgraded shares of Xenia Hotels & Resorts from a buy rating to a strong-buy rating in a research note on Friday, October 6th. Finally, Zacks Investment Research upgraded shares of Xenia Hotels & Resorts from a hold rating to a buy rating and set a $24.00 price objective for the company in a research note on Wednesday, September 27th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Buy and an average price target of $21.67.
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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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