Xenia Hotels & Resorts (NYSE:XHR – Get Free Report) posted its quarterly earnings data on Tuesday. The real estate investment trust reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.46, Zacks reports. Xenia Hotels & Resorts had a negative net margin of 0.66% and a negative return on equity of 0.61%. The company had revenue of $263.83 million for the quarter, compared to analyst estimates of $256.91 million. During the same period in the prior year, the firm posted $0.23 EPS. The company’s quarterly revenue was up 11.6% on a year-over-year basis.
Xenia Hotels & Resorts Price Performance
Shares of XHR opened at $20.98 on Tuesday. Xenia Hotels & Resorts has a 52-week low of $12.05 and a 52-week high of $22.06. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.47 and a current ratio of 2.47. The business’s 50 day moving average price is $18.62 and its two-hundred day moving average price is $17.59. The firm has a market cap of $1.94 billion, a PE ratio of 10.78 and a beta of 1.18.
Xenia Hotels & Resorts Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.56 annualized dividend and a yield of 2.7%. Xenia Hotels & Resorts’s payout ratio is -800.00%.
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of Xenia Hotels & Resorts from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded shares of Xenia Hotels & Resorts from a “hold (c-)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, BMO Capital Markets cut shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating and cut their price target for the company from $22.00 to $20.50 in a research report on Tuesday, September 1st. Two investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Xenia Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $20.12.
View Our Latest Analysis on Xenia Hotels & Resorts
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a real estate investment trust that owns a portfolio of luxury and upper-upscale hotels and resorts in the United States. The company focuses on acquiring, owning and selectively renovating lodging properties in major business and leisure destinations.
Xenia’s properties operate under a range of well-known hotel brands, including Marriott, Hyatt, Hilton and other leading hospitality companies, as well as independent or lifestyle brands. Its hotels offer accommodations, food and beverage services, meeting and event facilities, and other amenities designed for business and leisure travelers.
The company’s portfolio is concentrated in urban and destination markets with strong lodging demand, including major gateway cities, resorts and other high-quality locations across the United States.
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