Brokerages forecast that Xenia Hotels & Resorts, Inc. (NYSE:XHR) will post $219.80 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Xenia Hotels & Resorts’ earnings, with estimates ranging from $218.65 million to $220.95 million. Xenia Hotels & Resorts posted sales of $233.95 million during the same quarter last year, which suggests a negative year over year growth rate of 6%. The company is expected to report its next earnings report on Monday, November 6th.

On average, analysts expect that Xenia Hotels & Resorts will report full-year sales of $219.80 million for the current financial year, with estimates ranging from $896.93 million to $900.91 million. For the next fiscal year, analysts expect that the firm will report sales of $913.41 million per share, with estimates ranging from $908.49 million to $919.30 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Xenia Hotels & Resorts.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings data on Tuesday, August 8th. The real estate investment trust reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.41. The firm had revenue of $244.39 million during the quarter, compared to analysts’ expectations of $231.65 million. Xenia Hotels & Resorts had a return on equity of 8.91% and a net margin of 15.99%. The business’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share.

XHR has been the subject of a number of recent analyst reports. TheStreet upgraded shares of Xenia Hotels & Resorts from a “c+” rating to a “b-” rating in a research report on Wednesday, June 21st. BidaskClub cut shares of Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Monday, July 24th. 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 report on Friday, June 16th. Zacks Investment Research cut shares of Xenia Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Instinet restated a “buy” rating and issued a $22.00 price objective on shares of Xenia Hotels & Resorts in a research report on Tuesday, August 29th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $21.25.

Shares of Xenia Hotels & Resorts (NYSE:XHR) opened at 20.34 on Thursday. The firm has a market cap of $2.17 billion, a PE ratio of 14.92 and a beta of 0.77. Xenia Hotels & Resorts has a 52-week low of $14.84 and a 52-week high of $20.35. The company’s 50-day moving average price is $20.14 and its 200-day moving average price is $18.32.

A number of institutional investors have recently modified their holdings of the business. Cetera Investment Advisers acquired a new stake in Xenia Hotels & Resorts in the second quarter valued at approximately $1,164,000. Public Employees Retirement System of Ohio boosted its position in Xenia Hotels & Resorts by 12.0% in the second quarter. Public Employees Retirement System of Ohio now owns 141,773 shares of the real estate investment trust’s stock valued at $2,746,000 after buying an additional 15,178 shares in the last quarter. BW Gestao de Investimentos Ltda. boosted its position in Xenia Hotels & Resorts by 7.6% in the second quarter. BW Gestao de Investimentos Ltda. now owns 21,863 shares of the real estate investment trust’s stock valued at $423,000 after buying an additional 1,538 shares in the last quarter. Ameritas Investment Partners Inc. boosted its position in Xenia Hotels & Resorts by 5.8% in the second quarter. Ameritas Investment Partners Inc. now owns 9,452 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 517 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its position in Xenia Hotels & Resorts by 6.7% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 30,199 shares of the real estate investment trust’s stock valued at $585,000 after buying an additional 1,901 shares in the last quarter. Hedge funds and other institutional investors own 64.98% of the company’s stock.

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Xenia Hotels & Resorts Company Profile

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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