FY2022 Earnings Forecast for Xenia Hotels & Resorts, Inc. (NYSE:XHR) Issued By KeyCorp

Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) – Analysts at KeyCorp upped their FY2022 EPS estimates for Xenia Hotels & Resorts in a research note issued on Monday, June 27th. KeyCorp analyst A. Wurschmidt now anticipates that the real estate investment trust will post earnings per share of $1.49 for the year, up from their prior forecast of $1.25. KeyCorp has a “Overweight” rating and a $17.00 price objective on the stock. The consensus estimate for Xenia Hotels & Resorts’ current full-year earnings is $1.29 per share.

Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last issued its earnings results on Tuesday, May 3rd. The real estate investment trust reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $196.58 million. During the same period in the prior year, the business earned ($0.18) EPS. The business’s revenue was up 139.3% on a year-over-year basis.

Several other equities research analysts have also commented on XHR. Oppenheimer began 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 target on the stock. StockNews.com lowered shares of Xenia Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday, April 29th. TheStreet upgraded shares of Xenia Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Thursday, March 3rd. Finally, B. Riley upgraded shares of Xenia Hotels & Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, May 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.40.

Shares of NYSE:XHR opened at $14.52 on Thursday. The firm’s 50 day moving average is $17.58 and its two-hundred day moving average is $18.03. Xenia Hotels & Resorts has a 52 week low of $13.18 and a 52 week high of $20.41. The firm has a market capitalization of $1.66 billion, a P/E ratio of -17.93 and a beta of 1.42. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.99.

In other Xenia Hotels & Resorts news, insider Barry A. N. Bloom sold 25,000 shares of Xenia Hotels & Resorts stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $19.09, for a total value of $477,250.00. Following the transaction, the insider now owns 217,741 shares in the company, valued at $4,156,675.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. 2.40% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of the business. Citigroup Inc. boosted its stake in Xenia Hotels & Resorts by 6.2% in the 4th quarter. Citigroup Inc. now owns 166,197 shares of the real estate investment trust’s stock worth $3,010,000 after purchasing an additional 9,663 shares during the period. ProShare Advisors LLC boosted its stake in shares of Xenia Hotels & Resorts by 62.1% during the 4th quarter. ProShare Advisors LLC now owns 28,496 shares of the real estate investment trust’s stock valued at $516,000 after buying an additional 10,914 shares during the period. Nuveen Asset Management LLC boosted its stake in shares of Xenia Hotels & Resorts by 22.8% during the 4th quarter. Nuveen Asset Management LLC now owns 1,578,685 shares of the real estate investment trust’s stock valued at $28,589,000 after buying an additional 293,039 shares during the period. First Trust Advisors LP boosted its stake in shares of Xenia Hotels & Resorts by 4.9% during the 4th quarter. First Trust Advisors LP now owns 55,772 shares of the real estate investment trust’s stock valued at $1,010,000 after buying an additional 2,626 shares during the period. Finally, Fox Run Management L.L.C. acquired a new stake in shares of Xenia Hotels & Resorts during the 4th quarter valued at $379,000. Hedge funds and other institutional investors own 85.53% of the company’s stock.

Xenia Hotels & Resorts Company Profile (Get Rating)

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.

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