Xenia Hotels & Resorts (XHR) Releases Quarterly Earnings Results, Misses Estimates By $0.35 EPS

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Xenia Hotels & Resorts (NYSE:XHR) released its quarterly earnings results on Monday. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.35), MarketWatch Earnings reports. The firm had revenue of $241.00 million for the quarter, compared to the consensus estimate of $240.55 million. Xenia Hotels & Resorts had a net margin of 10.33% and a return on equity of 6.23%. Xenia Hotels & Resorts’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.50 earnings per share. Xenia Hotels & Resorts updated its FY 2018 guidance to $2.18-2.24 EPS and its FY18 guidance to $2.18-2.24 EPS.

NYSE:XHR opened at $20.47 on Tuesday. The company has a quick ratio of 3.45, a current ratio of 3.45 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $2.23 billion, a PE ratio of 9.94, a P/E/G ratio of 1.57 and a beta of 1.03. Xenia Hotels & Resorts has a one year low of $19.08 and a one year high of $25.90.

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Friday, September 28th were paid a $0.275 dividend. The ex-dividend date was Thursday, September 27th. This represents a $1.10 annualized dividend and a dividend yield of 5.37%. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is 53.40%.

XHR has been the topic of several research analyst reports. Wells Fargo & Co lowered their price target on Xenia Hotels & Resorts from $26.00 to $25.00 and set a “market perform” rating on the stock in a report on Tuesday, August 28th. Morgan Stanley increased their price target on Xenia Hotels & Resorts from $21.00 to $22.00 and gave the company an “equal weight” rating in a report on Friday, August 3rd. Zacks Investment Research raised Xenia Hotels & Resorts from a “hold” rating to a “buy” rating and set a $26.00 price target on the stock in a report on Friday, October 5th. Finally, ValuEngine cut Xenia Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Thursday, October 4th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Xenia Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $25.50.

Large investors have recently bought and sold shares of the company. Millennium Management LLC increased its stake in Xenia Hotels & Resorts by 122.7% in the 1st quarter. Millennium Management LLC now owns 212,078 shares of the real estate investment trust’s stock worth $4,182,000 after buying an additional 116,841 shares in the last quarter. Legal & General Group Plc increased its stake in Xenia Hotels & Resorts by 6.6% in the 1st quarter. Legal & General Group Plc now owns 396,795 shares of the real estate investment trust’s stock worth $7,825,000 after buying an additional 24,429 shares in the last quarter. Xact Kapitalforvaltning AB increased its stake in Xenia Hotels & Resorts by 27.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 15,232 shares of the real estate investment trust’s stock worth $300,000 after buying an additional 3,300 shares in the last quarter. Allianz Asset Management GmbH increased its stake in Xenia Hotels & Resorts by 591.0% in the 1st quarter. Allianz Asset Management GmbH now owns 70,424 shares of the real estate investment trust’s stock worth $1,388,000 after buying an additional 60,233 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd increased its stake in Xenia Hotels & Resorts by 20.6% in the 1st quarter. Dynamic Technology Lab Private Ltd now owns 13,063 shares of the real estate investment trust’s stock worth $258,000 after buying an additional 2,229 shares in the last quarter. Hedge funds and other institutional investors own 76.09% of the company’s stock.

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Xenia Hotels & Resorts Company Profile

Xenia Hotels & Resorts, Inc is a self-advised and self-administered REIT that invests primarily in premium full service and lifestyle hotels, with a focus on the top 25 U.S. lodging markets as well as key leisure destinations in the United States. The Company owns 38 hotels, including 36 wholly owned hotels, comprising 10,852 rooms, across 17 states and the District of Columbia.

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Earnings History for Xenia Hotels & Resorts (NYSE:XHR)

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