Zacks: Brokerages Anticipate Xenia Hotels & Resorts Inc (NYSE:XHR) to Announce $0.44 Earnings Per Share
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.
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.
Featured Article: What are the Benefits of Index Funds?
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.