Host Hotels & Resorts (NASDAQ:HST) Announces Earnings Results

Host Hotels & Resorts (NASDAQ:HST) posted its quarterly earnings results on Wednesday. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.27), Zacks reports. Host Hotels & Resorts had a return on equity of 11.11% and a net margin of 12.43%.

Host Hotels & Resorts Stock Up 1.2%

HST traded up $0.25 on Wednesday, reaching $20.26. The company’s stock had a trading volume of 12,292,968 shares, compared to its average volume of 8,245,843. Host Hotels & Resorts has a 1 year low of $12.22 and a 1 year high of $20.37. The business’s 50 day moving average is $18.65 and its 200 day moving average is $17.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The stock has a market cap of $13.93 billion, a price-to-earnings ratio of 19.30, a price-to-earnings-growth ratio of 2.34 and a beta of 1.17.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced an annual dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 31st. This represents a dividend yield of 85.0%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.19%.

Insider Activity at Host Hotels & Resorts

In other news, EVP Nathan S. Tyrrell sold 11,954 shares of the firm’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $18.15, for a total transaction of $216,965.10. Following the completion of the sale, the executive vice president owned 668,927 shares of the company’s stock, valued at approximately $12,141,025.05. This trade represents a 1.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors have recently modified their holdings of the stock. Sivia Capital Partners LLC bought a new stake in Host Hotels & Resorts in the second quarter valued at about $190,000. Globeflex Capital L P acquired a new position in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $143,000. CIBC Private Wealth Group LLC increased its holdings in shares of Host Hotels & Resorts by 273.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 7,317 shares of the company’s stock valued at $125,000 after acquiring an additional 5,358 shares during the last quarter. Brown Brothers Harriman & Co. raised its position in shares of Host Hotels & Resorts by 75.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 6,548 shares of the company’s stock valued at $116,000 after acquiring an additional 2,806 shares in the last quarter. Finally, Danske Bank A S acquired a new stake in shares of Host Hotels & Resorts during the 3rd quarter valued at approximately $100,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Analysts Set New Price Targets

HST has been the topic of a number of research analyst reports. JPMorgan Chase & Co. lifted their target price on Host Hotels & Resorts from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, January 22nd. Barclays initiated coverage on Host Hotels & Resorts in a research note on Tuesday, January 6th. They issued an “equal weight” rating and a $19.00 price objective on the stock. Truist Financial upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a report on Friday, January 9th. Evercore lowered shares of Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price target on the stock. in a report on Tuesday, November 11th. Finally, Morgan Stanley set a $18.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.27.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company’s portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company’s holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.