Equities analysts expect Xenia Hotels & Resorts, Inc. (NYSE:XHR) to announce sales of $238.89 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Xenia Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $236.82 million and the highest estimate coming in at $240.97 million. Xenia Hotels & Resorts posted sales of $261.38 million during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.6%. The business is expected to announce its next earnings report before the market opens on Tuesday, August 8th.

According to Zacks, analysts expect that Xenia Hotels & Resorts will report full-year sales of $238.89 million for the current fiscal year, with estimates ranging from $886.18 million to $910.62 million. For the next fiscal year, analysts anticipate that the business will report sales of $912.80 million per share, with estimates ranging from $898.22 million to $920.40 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last announced its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.09. Xenia Hotels & Resorts had a net margin of 11.02% and a return on equity of 6.29%. The firm had revenue of $218.50 million during the quarter, compared to the consensus estimate of $205.54 million. During the same quarter last year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year.

XHR has been the subject of several research reports. Zacks Investment Research raised shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating and set a $20.00 price objective for the company in a research note on Saturday, May 13th. Morgan Stanley upped their price objective on shares of Xenia Hotels & Resorts from $17.00 to $19.00 and gave the company an “equal weight” rating in a research note on Friday, June 16th. TheStreet raised shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research note on Wednesday, June 21st. Finally, BidaskClub cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Monday, July 24th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $20.75.

Xenia Hotels & Resorts (NYSE XHR) opened at 20.00 on Tuesday. Xenia Hotels & Resorts has a one year low of $14.84 and a one year high of $20.59. The company has a 50 day moving average of $19.90 and a 200-day moving average of $18.31. The company has a market cap of $2.14 billion, a P/E ratio of 21.14 and a beta of 0.77.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.275 per share. The ex-dividend date was Wednesday, June 28th. This represents a $1.10 annualized dividend and a yield of 5.50%. Xenia Hotels & Resorts’s dividend payout ratio is presently 117.02%.

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Hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in shares of Xenia Hotels & Resorts by 21.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,119,245 shares of the real estate investment trust’s stock valued at $21,736,000 after buying an additional 194,869 shares in the last quarter. Norges Bank acquired a new stake in shares of Xenia Hotels & Resorts during the fourth quarter valued at about $22,167,000. Teachers Advisors LLC boosted its stake in shares of Xenia Hotels & Resorts by 3.8% in the fourth quarter. Teachers Advisors LLC now owns 786,432 shares of the real estate investment trust’s stock valued at $15,273,000 after buying an additional 29,114 shares in the last quarter. Macquarie Group Ltd. boosted its stake in shares of Xenia Hotels & Resorts by 10.2% in the fourth quarter. Macquarie Group Ltd. now owns 46,600 shares of the real estate investment trust’s stock valued at $905,000 after buying an additional 4,300 shares in the last quarter. Finally, Koshinski Asset Management Inc. boosted its stake in shares of Xenia Hotels & Resorts by 41.8% in the first quarter. Koshinski Asset Management Inc. now owns 182,715 shares of the real estate investment trust’s stock valued at $3,119,000 after buying an additional 53,840 shares in the last quarter. 64.29% of the stock is owned by institutional investors.

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 May 30, 2017, the Company owned 37 hotels, 35 of which are completely owned, comprising 10,783 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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