Xenia Hotels & Resorts (NYSE: XHR) reports quarterly results
Xenia Hotels & Resorts (NYSE: XHR) announced its results on Thursday. The real estate investment trust reported earnings per share of ($ 0.50) for the quarter, missing the Thomson Reuters consensus estimate of ($ 0.23) from ($ 0.27), MarketWatch earnings reports. The company posted revenue of $ 87.90 million for the quarter, compared to analysts’ expectations of $ 80.35 million. Xenia Hotels & Resorts posted a negative return on equity of 6.41% and a negative net margin of 13.99%. The company’s quarterly revenue was down 59.2% from the same quarter last year. During the same period last year, the company made EPS of $ 0.17.
Shares of Xenia Hotels & Resorts rose $ 0.56 in Friday’s trading day, to reach $ 19.28. The stock had a trading volume of 462,515 shares, compared to its average volume of 614,637. Xenia Hotels & Resorts has a 52-week low of $ 6.14 and a 52-week high of $ 21.40. The company has a 50-day moving average price of $ 19.38 and a 200-day moving average price of $ 16.04. The company has a rapid ratio of 6.23, a current ratio of 6.23, and a debt ratio of 1.03. The stock has a market cap of $ 2.19 billion, a PE ratio of -19.30 and a beta of 1.04.
Similarly, insider Marcel Verbaas sold 60,000 shares of Xenia Hotels & Resorts in a transaction that took place on Friday, February 19. The shares were sold for an average price of $ 18.12, for a total value of $ 1,087,200.00. Following the closing of the transaction, the insider now owns 582,177 shares of the company, valued at $ 10,549,047.24. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible via this hyperlink. In addition, insider Atish Shah sold 4,620 shares of Xenia Hotels & Resorts in a transaction that took place on Monday, March 15. The stock was sold at an average price of $ 21.00, for a total trade of $ 97,020.00. Following the closing of the transaction, the insider now owns 155,782 shares of the company, valued at approximately $ 3,271,422. Disclosure of this sale can be found here. Insiders sold 95,905 shares of the company valued at $ 1,782,582 during the last quarter. 1.90% of the stock is owned by insiders.
Several brokerage firms weighed on XHR. Morgan Stanley raised its price target for Xenia Hotels & Resorts stock from $ 13.00 to $ 14.00 and rated the stock “underweight” in a research note on Monday March 8. . Zacks investment research downgraded Xenia Hotels & Resorts shares from a âholdâ rating to a âsellâ rating in a research note on Wednesday April 14th. Raymond James upgraded Xenia Hotels & Resorts shares from a “market performance” rating to an “outperformance” rating and set a price target of $ 18.00 for the company in a research note on Tuesday January 12. Finally, BMO Capital Markets raised its price target on Xenia Hotels & Resorts shares from $ 18.00 to $ 22.00 and assigned the company a âmarket performanceâ rating in a research note on Tuesday March 16. Two research analysts rated the stock with a sell rating, two gave the company a sustaining rating, and three gave the company a buy rating. Xenia Hotels & Resorts has an average hold rating and a consensus target price of $ 17.33.
About Xenia Hotels & Resorts
Xenia Hotels & Resorts, Inc is a self-directed, self-directed REIT investing in uniquely positioned upscale luxury and upscale hotels and resorts, with a focus on the top 25 US accommodation markets as well as the major leisure destinations in the United States. The company has 37 hotels with 10,749 rooms in 16 states.
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