Analysts Offer Predictions for Xenia Hotels & Resorts, Inc.’s Q4 2022 Earnings (NYSE:XHR)

Xenia Hotels & Resorts, Inc. (NYSE:XHR – Get Rating) – Equities research analysts at Jefferies Financial Group cut their Q4 2022 EPS estimates for shares of Xenia Hotels & Resorts in a note issued to investors on Monday, January 9th. Jefferies Financial Group analyst D. Katz now forecasts that the real estate investment trust will earn $0.35 per share for the quarter, down from their previous estimate of $0.38. Jefferies Financial Group has a “Hold” rating and a $17.00 price objective on the stock. The consensus estimate for Xenia Hotels & Resorts’ current full-year earnings is $1.43 per share. Jefferies Financial Group also issued estimates for Xenia Hotels & Resorts’ Q1 2023 earnings at $0.35 EPS, Q2 2023 earnings at $0.39 EPS, Q3 2023 earnings at $0.24 EPS, Q4 2023 earnings at $0.28 EPS, FY2023 earnings at $1.25 EPS and FY2024 earnings at $1.19 EPS.

Xenia Hotels & Resorts (NYSE:XHR – Get Rating) last issued its quarterly earnings data on Wednesday, November 2nd. The real estate investment trust reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.33 by ($0.34). Xenia Hotels & Resorts had a negative return on equity of 0.16% and a negative net margin of 0.24%. The company had revenue of $240.67 million during the quarter, compared to the consensus estimate of $251.15 million.

Several other brokerages have also issued reports on XHR. StockNews.com upgraded shares of Xenia Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday. B. Riley decreased their price target on shares of Xenia Hotels & Resorts from $22.00 to $20.00 in a research note on Wednesday, November 9th. Robert W. Baird decreased their price target on shares of Xenia Hotels & Resorts from $20.00 to $18.00 in a research note on Tuesday, December 20th. Raymond James lowered shares of Xenia Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Friday, December 9th. Finally, Morgan Stanley assumed coverage on shares of Xenia Hotels & Resorts in a research note on Monday, December 5th. They issued an “underweight” rating and a $13.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.86.

Xenia Hotels & Resorts Stock Up 1.0 %

Shares of Xenia Hotels & Resorts stock opened at $12.80 on Tuesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 3.24 and a quick ratio of 3.24. The company has a 50-day moving average of $14.26 and a 200 day moving average of $15.25. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -639.68 and a beta of 1.48. Xenia Hotels & Resorts has a 1 year low of $12.48 and a 1 year high of $20.36.

Xenia Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, December 29th. Xenia Hotels & Resorts’s dividend payout ratio (DPR) is -1,999.00%.

Institutional Trading of Xenia Hotels & Resorts

Institutional investors have recently made changes to their positions in the stock. Private Trust Co. NA purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at about $25,000. BerganKDV Wealth Management LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at about $29,000. Lazard Asset Management LLC purchased a new stake in shares of Xenia Hotels & Resorts during the 1st quarter valued at about $31,000. Point72 Hong Kong Ltd purchased a new stake in shares of Xenia Hotels & Resorts during the 2nd quarter valued at about $76,000. Finally, CWM LLC boosted its holdings in shares of Xenia Hotels & Resorts by 56.4% during the 3rd quarter. CWM LLC now owns 7,049 shares of the real estate investment trust’s stock valued at $97,000 after acquiring an additional 2,543 shares during the last quarter. Hedge funds and other institutional investors own 87.22% of the company’s stock.

Xenia Hotels & Resorts Company Profile

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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.