Host Hotels & Resorts, Inc. (NASDAQ:HST – Free Report) – Analysts at Zacks Research lifted their FY2024 earnings estimates for shares of Host Hotels & Resorts in a research report issued to clients and investors on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the company will post earnings of $1.99 per share for the year, up from their previous estimate of $1.94. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $2.01 per share. Zacks Research also issued estimates for Host Hotels & Resorts’ Q4 2024 earnings at $0.47 EPS, Q1 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.49 EPS and Q1 2026 earnings at $0.52 EPS.
HST has been the topic of a number of other reports. UBS Group cut their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Truist Financial boosted their price target on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “hold” rating in a research note on Thursday, March 14th. Wells Fargo & Company boosted their price target on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Raymond James boosted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Finally, Barclays boosted their price target on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a research note on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $21.29.
View Our Latest Analysis on HST
Host Hotels & Resorts Stock Down 1.4 %
Shares of HST opened at $18.15 on Thursday. The company has a current ratio of 6.66, a quick ratio of 6.66 and a debt-to-equity ratio of 0.67. The firm has a market cap of $12.80 billion, a P/E ratio of 17.79, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. The company’s 50-day moving average price is $19.47 and its 200 day moving average price is $19.26. Host Hotels & Resorts has a 12-month low of $14.92 and a 12-month high of $21.31.
Host Hotels & Resorts (NASDAQ:HST – Get Free Report) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. The firm’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.44 earnings per share.
Host Hotels & Resorts Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Thursday, March 28th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.41%. The ex-dividend date of this dividend was Wednesday, March 27th. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio is 78.43%.
Insider Transactions at Host Hotels & Resorts
In other news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the completion of the sale, the director now owns 64,457 shares in the company, valued at $1,201,478.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Host Hotels & Resorts news, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the completion of the transaction, the director now owns 64,457 shares in the company, valued at $1,201,478.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the transaction, the chief executive officer now owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
Institutional Trading of Host Hotels & Resorts
Several large investors have recently bought and sold shares of HST. Norges Bank acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at $615,558,000. Wellington Management Group LLP boosted its stake in shares of Host Hotels & Resorts by 15.4% during the third quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after acquiring an additional 6,719,578 shares during the last quarter. PGGM Investments acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at $57,664,000. SG Americas Securities LLC boosted its stake in shares of Host Hotels & Resorts by 3,870.5% during the first quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after acquiring an additional 2,165,260 shares during the last quarter. Finally, Miller Howard Investments Inc. NY acquired a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at $38,873,000. Institutional investors and hedge funds own 98.52% of the company’s stock.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.
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