# Xenia Hotels & Resorts, Inc. (XHR)

> Source: Nexqual · https://nexqual.com/XHR · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, Xenia Hotels & Resorts, Inc. (XHR), nexqual.com/XHR" · informational, not investment advice.

**Price:** USD 19.5 (-0.66% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 19.63 · day 19.27–19.78 · 52w 11.75–22.06 · market cap $1.93B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $1.09B, net income -$7.2M (-0.7% margin), free cash flow $116M (SEC filings).
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $2.5M; 2 not under a Rule 10b5-1 plan ($2.5M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.50 on a 1–5 scale) (6 analysts), mean target USD 21.1 (range 20.5–22).
- Total return with dividends: 1Y +53.0% vs S&P 500 +14.9%; 5Y +27.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-03, EPS estimate USD -0.14, revenue estimate $257M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $616M | $998M | $1.03B | $1.04B | $1.08B | $1.09B |
| Gross profit | $170M | $325M | $322M | $309M | $330M | — |
| Operating income | -$60.9M | $111M | $97.6M | $86.8M | $108M | $73.1M |
| Net income | -$144M | $55.9M | $19.1M | $16.1M | $63.1M | -$7.2M |
| EPS (diluted) | -$1.26 | $0.49 | $0.17 | $0.15 | $0.64 | — |
| Free cash flow | $8.9M | $117M | $77.2M | $23.2M | $89.9M | $116M |
| Gross margin | 27.6% | 32.6% | 31.4% | 29.7% | 30.6% | — |
| Operating margin | -9.9% | 11.2% | 9.5% | 8.4% | 10.0% | 6.7% |
| Net margin | -23.3% | 5.6% | 1.9% | 1.6% | 5.8% | -0.7% |
| Revenue growth | +66.6% | +61.9% | +2.8% | +1.3% | +3.8% | — |
| Cash + short-term investments | $517M | $305M | $165M | $78.2M | $140M | — |
| Total debt | $1.49B | $1.43B | $1.39B | $1.33B | $1.42B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 1.8x · EV/EBITDA 15.7x · EV/Sales 2.9x · P/FCF 16.7x · P/B 1.7x · FCF yield 5.99% · Earnings yield -0.37% · Dividend yield (paid, TTM) 0.04% · Buyback yield (TTM) 2.54% · Net debt $1.25B · EV $3.18B
P/E at fiscal year-ends: Dec 2025 21.8x, Dec 2024 94.1x, Dec 2023 77.1x.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-07 | Shah Atish | See remarks | 120,000 | $2.0M | 32.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-06 | Johnson Joseph T | See Remarks | 24,916 | $416K | 27.6% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.50 on a 1–5 scale), 6 analysts; mean target USD 21.1 (low 20.5, high 22).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-01 | BMO Capital | Downgrade | Outperform → Market Perform | $22 → $20.5 |
| 2026-07-23 | Wells Fargo | Target raised | Overweight | $18 → $22 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +53.0% | +27.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +53.3% | +5.0% |
| Volatility (annualized) | 27.2% | 33.8% |
| Max drawdown | -19.8% (Jul 2026→Sep 2026) | -46.7% (Nov 2021→Apr 2025) |

## Peers (REIT - Hotel & Motel)
RLJ (RLJ Lodging Trust) USD 12.14 -1.30% · PEB (Pebblebrook Hotel Trust) USD 20.67 -2.04% · SHO (Sunstone Hotel Investors, Inc. ) USD 12.6 -0.08% · DRH (Diamondrock Hospitality Company) USD 13.89 -0.39% · PK (Park Hotels & Resorts Inc.) USD 16.66 -1.94% · APLE (Apple Hospitality REIT, Inc.) USD 18.16 +0.06%

## More
Full page: https://nexqual.com/XHR · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Rooms expenses | $166.7M | 56.4% | +5.2% |
| Food and beverage expenses | $102.4M | 34.7% | +0.3% |
| Other revenues | $26.4M | 8.9% | -1.9% |
| Total revenue | $295.5M | 100% | — |

## Revenue by region (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Other | $73.9M | 25.0% | +0.8% |
| Orlando, FL | $38.4M | 13.0% | -0.9% |
| Phoenix, AZ | $32.6M | 11.0% | +15.0% |
| Houston, TX | $31.4M | 10.6% | +5.9% |
| San Diego, CA | $31.0M | 10.5% | -0.9% |
| Atlanta, GA | $18.9M | 6.4% | +5.6% |
| San Francisco/San Mateo, CA | $17.3M | 5.8% | +10.0% |
| Nashville, TN | $16.5M | 5.6% | +2.0% |
| San Jose-Santa Cruz, CA | $12.1M | 4.1% | +6.2% |
| Washington, DC-MD-VA | $12.0M | 4.1% | +0.1% |
| Portland, OR | $11.5M | 3.9% | -12.9% |
| Total revenue | $295.5M | 100% | — |

## Company outlook (8-K filed 2026-07-30)

- "Outlook and Guidance The Company has updated its full year 2026 outlook."
- "Furthermore, this guidance assumes no additional acquisitions, dispositions, equity issuances, or share and/or senior note repurchases."
- "Prior guidance based upon Same-Property (30 Hotel) portfolio, including Kimpton RiverPlace Hotel."

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $-0.14 | $-0.10 | +40.0% | $256.6M | 1 |
| Next quarter (ends 2026-12-31) | $0.02 | $0.07 | -73.3% | $280.8M | 1 |
| Current fiscal year (ends 2026-12-31) | $-0.11 | $0.43 | -125.3% | $1.13B | 1 |
| Next fiscal year (ends 2027-12-31) | $0.64 | $0.54 | +18.7% | $1.16B | 2 |

## Options: expected move (Cboe, 15-min delayed)

Expected move by 2026-12-18 (includes earnings 2026-11-03): ±8.7%; last 8 reports averaged ±3.4%.

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-12-18 | 56 | 47.8% | ±8.7% |