Xenia Hotels & Resorts Inc (XHR) Releases FY17 Earnings Guidance

Xenia Hotels & Resorts Inc (NYSE:XHR) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $1.85-1.98 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.90.

Xenia Hotels & Resorts Inc (NYSE:XHR) traded up 0.45% during mid-day trading on Friday, reaching $17.90. 435,504 shares of the company were exchanged. The stock has a market capitalization of $1.91 billion, a price-to-earnings ratio of 18.92 and a beta of 0.84. The stock’s 50-day moving average price is $17.46 and its 200-day moving average price is $17.79. Xenia Hotels & Resorts Inc has a 1-year low of $14.84 and a 1-year high of $19.87.

Xenia Hotels & Resorts (NYSE:XHR) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.35 by $0.09. The firm had revenue of $218.50 million for the quarter, compared to analyst estimates of $205.54 million. Xenia Hotels & Resorts had a return on equity of 5.93% and a net margin of 10.07%. Xenia Hotels & Resorts’s revenue for the quarter was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. On average, equities research analysts anticipate that Xenia Hotels & Resorts Inc will post $0.44 EPS for the current fiscal year.

Separately, Zacks Investment Research raised Xenia Hotels & Resorts from a sell rating to a hold rating and set a $20.00 price target on the stock in a research report on Saturday, May 13th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Xenia Hotels & Resorts has a consensus rating of Hold and an average target price of $19.25.

In related news, Director Jeffrey H. Donahue acquired 28,582 shares of the stock in a transaction that occurred on Friday, March 3rd. The stock was purchased at an average cost of $17.50 per share, for a total transaction of $500,185.00. Following the purchase, the director now directly owns 30,927 shares in the company, valued at $541,222.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Marcel Verbaas acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, March 7th. The shares were bought at an average price of $17.03 per share, with a total value of $85,150.00. Following the completion of the purchase, the insider now owns 46,846 shares in the company, valued at $797,787.38. The disclosure for this purchase can be found here. Corporate insiders own 0.31% 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 real estate investment trust (REIT). The Company invests in premium full service, lifestyle and urban upscale hotels, with a focus on various markets, as well as leisure destinations in the United States. As of December 31, 2016, the Company owned 42 hotels, 40 of which are completely owned, comprising 10,911 rooms, across 20 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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