Xenia Hotels & Resorts (XHR) Releases FY18 Earnings Guidance

Xenia Hotels & Resorts (NYSE:XHR) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $2.18-2.24 for the period, compared to the Thomson Reuters consensus estimate of $2.20. Xenia Hotels & Resorts also updated its FY 2018 guidance to $2.18-2.24 EPS.

Shares of XHR opened at $19.92 on Monday. The company has a current ratio of 3.45, a quick ratio of 3.45 and a debt-to-equity ratio of 0.62. Xenia Hotels & Resorts has a 12 month low of $19.08 and a 12 month high of $25.90. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 9.67, a price-to-earnings-growth ratio of 1.57 and a beta of 1.03.

Xenia Hotels & Resorts (NYSE:XHR) last issued its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.46 EPS for the quarter, beating the consensus estimate of $0.43 by $0.03. Xenia Hotels & Resorts had a return on equity of 6.23% and a net margin of 10.33%. The company had revenue of $241.00 million for the quarter, compared to analyst estimates of $240.55 million. During the same period last year, the company earned $0.50 earnings per share. Xenia Hotels & Resorts’s quarterly revenue was up 7.9% compared to the same quarter last year. Research analysts anticipate that Xenia Hotels & Resorts will post 2.11 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 28th were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 5.52%. The ex-dividend date was Thursday, September 27th. Xenia Hotels & Resorts’s payout ratio is currently 53.40%.

Several analysts have commented on XHR shares. ValuEngine lowered Xenia Hotels & Resorts from a buy rating to a hold rating in a report on Thursday, October 4th. Wells Fargo & Co dropped their price objective 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. Zacks Investment Research raised Xenia Hotels & Resorts from a hold rating to a buy rating and set a $26.00 price objective on the stock in a report on Friday, October 5th. Finally, Morgan Stanley raised their price objective 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. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has a consensus rating of Hold and a consensus target price of $25.50.

About Xenia Hotels & Resorts

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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