Equities research analysts forecast that Xenia Hotels & Resorts Inc (NYSE:XHR) will report earnings per share of $0.44 for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Xenia Hotels & Resorts’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.43. Xenia Hotels & Resorts reported earnings per share of $0.46 during the same quarter last year, which suggests a negative year-over-year growth rate of 4.3%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.

On average, analysts expect that Xenia Hotels & Resorts will report full-year earnings of $2.16 per share for the current financial year, with EPS estimates ranging from $2.15 to $2.19. For the next year, analysts anticipate that the company will post earnings of $2.18 per share, with EPS estimates ranging from $2.15 to $2.21. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that cover Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last posted its quarterly earnings data on Thursday, August 1st. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.03. The business had revenue of $304.30 million during the quarter, compared to the consensus estimate of $292.57 million. Xenia Hotels & Resorts had a return on equity of 7.82% and a net margin of 12.44%. Xenia Hotels & Resorts’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period last year, the company earned $0.66 earnings per share.

A number of research analysts recently weighed in on XHR shares. KeyCorp assumed coverage on shares of Xenia Hotels & Resorts in a research report on Tuesday, June 25th. They issued an “overweight” rating and a $24.00 target price for the company. Zacks Investment Research downgraded shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a research note on Sunday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $22.00.

Several large investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp grew its stake in Xenia Hotels & Resorts by 162.3% in the 2nd quarter. Mackenzie Financial Corp now owns 362,800 shares of the real estate investment trust’s stock valued at $7,564,000 after buying an additional 224,500 shares during the last quarter. One Wealth Advisors LLC bought a new stake in shares of Xenia Hotels & Resorts in the second quarter worth $239,000. Royal Bank of Canada raised its stake in shares of Xenia Hotels & Resorts by 147.1% in the second quarter. Royal Bank of Canada now owns 15,978 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 9,511 shares during the period. Pictet Asset Management Ltd. lifted its stake in shares of Xenia Hotels & Resorts by 13.7% during the 2nd quarter. Pictet Asset Management Ltd. now owns 20,700 shares of the real estate investment trust’s stock valued at $432,000 after buying an additional 2,500 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new position in shares of Xenia Hotels & Resorts during the second quarter valued at about $17,206,000. 87.48% of the stock is owned by institutional investors and hedge funds.

Shares of XHR traded up $0.48 during mid-day trading on Friday, hitting $21.89. 917,170 shares of the company’s stock were exchanged, compared to its average volume of 822,240. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.40 and a quick ratio of 2.40. Xenia Hotels & Resorts has a 52 week low of $16.47 and a 52 week high of $24.10. The company has a market cap of $2.38 billion, a PE ratio of 9.86, a P/E/G ratio of 2.04 and a beta of 1.03. The company has a 50-day simple moving average of $20.70 and a 200 day simple moving average of $21.02.

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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