Xenia Hotels & Resorts (NYSE:XHR – Get Rating) will be posting its quarterly earnings results before the market opens on Wednesday, August 3rd. Analysts expect Xenia Hotels & Resorts to post earnings of $0.39 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.
Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last posted its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.21). Xenia Hotels & Resorts had a negative return on equity of 6.37% and a negative net margin of 12.52%. The business had revenue of $210.35 million for the quarter, compared to analysts’ expectations of $196.58 million. During the same quarter in the prior year, the firm earned ($0.18) earnings per share. Xenia Hotels & Resorts’s revenue for the quarter was up 139.3% compared to the same quarter last year. On average, analysts expect Xenia Hotels & Resorts to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Xenia Hotels & Resorts Price Performance
Shares of NYSE XHR opened at $16.36 on Tuesday. The company has a market capitalization of $1.87 billion, a price-to-earnings ratio of -20.20 and a beta of 1.48. The business has a 50 day simple moving average of $16.00 and a 200-day simple moving average of $17.62. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.99. Xenia Hotels & Resorts has a twelve month low of $13.18 and a twelve month high of $20.41.
Institutional Trading of Xenia Hotels & Resorts
Institutional investors have recently added to or reduced their stakes in the business. Meiji Yasuda Asset Management Co Ltd. purchased a new stake in Xenia Hotels & Resorts in the first quarter worth about $386,000. Eaton Vance Management raised its holdings in shares of Xenia Hotels & Resorts by 5.0% in the first quarter. Eaton Vance Management now owns 12,480 shares of the real estate investment trust’s stock worth $241,000 after buying an additional 597 shares during the period. State Street Corp raised its holdings in shares of Xenia Hotels & Resorts by 12.8% in the first quarter. State Street Corp now owns 7,303,386 shares of the real estate investment trust’s stock worth $140,882,000 after buying an additional 828,429 shares during the period. Vident Investment Advisory LLC raised its holdings in shares of Xenia Hotels & Resorts by 47.1% in the first quarter. Vident Investment Advisory LLC now owns 16,978 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 5,437 shares during the period. Finally, Invesco Ltd. grew its position in shares of Xenia Hotels & Resorts by 5.0% during the 1st quarter. Invesco Ltd. now owns 238,334 shares of the real estate investment trust’s stock worth $4,597,000 after buying an additional 11,355 shares in the last quarter. 85.53% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on XHR. B. Riley upgraded Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Tuesday, May 10th. KeyCorp reduced their target price on shares of Xenia Hotels & Resorts from $21.00 to $17.00 and set an “overweight” rating for the company in a research note on Tuesday, June 28th. StockNews.com cut shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. Finally, Oppenheimer assumed coverage on shares of Xenia Hotels & Resorts in a research note on Thursday, April 21st. They issued a “market perform” rating and a $20.00 price objective for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $20.40.
Xenia Hotels & Resorts Company Profile
Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests 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 37 hotels comprising 10,749 rooms across 16 states.
- Get a free copy of the StockNews.com research report on Xenia Hotels & Resorts (XHR)
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