Revenue Update on Xenia Hotels & Resorts Inc(NYSE:XHR)

Xenia Hotels & Resorts Inc(NYSE:XHR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $261.38M. Analysts estimated a revenue of $259.85M. Earnings per share were $0.65. Analysts had estimated an EPS of $0.65.

In a different note, Raymond James said it Initiates Coverage on Xenia Hotels & Resorts Inc, according to a research note issued on Jul 26, 2016. The shares have been rated ‘Market Perform’ by the firm.

Xenia Hotels & Resorts Inc (XHR) shares turned negative on Wednesdays trading session with the shares closing down -0.08 points or -0.46% at a volume of 3,73,977. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.53. The peak price level was also seen at $17.53 while the days lowest was $17.26. Finally the shares closed at $17.45. The 52-week high of the shares is $20.37 while the 52-week low is $12.1001. According to the latest information available, the market cap of the company is $1,878 M.

Several Insider Transactions has been reported to the SEC. On Dec 8, 2015, Andrew J Welch (officer ) purchased 2,200 shares at $15.95 per share price.Also, On Nov 30, 2015, Thomas M Gartland (director) purchased 7,200 shares at $16.70 per share price.On Nov 24, 2015, Barry A N Bloom (officer ) purchased 6,000 shares at $16.40 per share price, according to the Form-4 filing with the securities and exchange commission.

Xenia Hotels & Resorts Inc. is a self-managed Real Estate Investment Trust (REIT). The Company is focused on the lodging sector. The Company owns a portfolio of lodging properties operated by independent management companies. The Company holds around 46 hotels consisting of 12636 rooms across 19 states and the District of Columbia. It also holds an interest in two hotels under development. The Company owns and invests in service lifestyle and urban upscale hotels in the United States lodging market and leisure destinations. The Company’s portfolio includes lodging properties operated by Marriott Hilton Hyatt Starwood Kimpton Aston Fairmont and Loews. The Company’s hotels include Andaz Napa Aston Waikiki Beach Hotel Courtyard Pittsburgh Downtown Fairmont Dallas Hilton Phoenix Suites Hotel Monaco Chicago Residence Inn Denver City Center Lorien Hotel & Spa Renaissance Austin Hotel Westin Galleria Houston and Westin Oaks Houston at The Galleria.

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