Host Hotels and Resorts (HST) Issues Quarterly Earnings Results
Host Hotels and Resorts (NYSE:HST) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.27, Bloomberg Earnings reports. The company had revenue of $1.34 billion for the quarter, compared to the consensus estimate of $1.34 billion. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period last year, the firm earned $0.17 EPS. Host Hotels and Resorts updated its FY18 guidance to $1.60-1.70 EPS.
Host Hotels and Resorts (NYSE HST) traded down $0.12 during trading hours on Thursday, hitting $19.10. The stock had a trading volume of 9,541,764 shares, compared to its average volume of 6,861,892. Host Hotels and Resorts has a 52-week low of $17.26 and a 52-week high of $21.53. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.62 and a quick ratio of 3.62. The firm has a market cap of $14,439.12, a PE ratio of 24.25, a PEG ratio of 2.37 and a beta of 1.26.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.19%. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 100.00%.
Several equities research analysts have weighed in on the company. Wolfe Research assumed coverage on Host Hotels and Resorts in a research report on Wednesday, November 29th. They set a “market perform” rating on the stock. Stifel Nicolaus reaffirmed a “buy” rating and set a $20.50 price target on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. Zacks Investment Research downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Raymond James Financial raised Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $22.00 price target on the stock in a research report on Monday, January 8th. Finally, Boenning Scattergood reaffirmed a “buy” rating and set a $20.00 price target on shares of Host Hotels and Resorts in a research report on Friday, November 3rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eight have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $20.63.
About Host Hotels and Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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