Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.20 per share on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 3.7%. The ex-dividend date is Tuesday, June 30th.
Host Hotels & Resorts has increased its dividend payment by an average of 0.4%per year over the last three years and has raised its dividend every year for the last 2 years. Host Hotels & Resorts has a dividend payout ratio of 98.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities analysts expect Host Hotels & Resorts to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 38.1%.
Host Hotels & Resorts Stock Up 0.6%
HST opened at $21.82 on Thursday. Host Hotels & Resorts has a 12 month low of $14.46 and a 12 month high of $21.98. The company has a 50 day moving average of $19.85 and a 200 day moving average of $18.69. The company has a current ratio of 2.59, a quick ratio of 2.59 and a debt-to-equity ratio of 0.77. The company has a market cap of $15.00 billion, a PE ratio of 19.99, a price-to-earnings-growth ratio of 2.46 and a beta of 1.10.
Analysts Set New Price Targets
Several research firms have issued reports on HST. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $20.00 to $23.00 and gave the company an “overweight” rating in a research report on Wednesday, April 22nd. Citigroup upped their price objective on shares of Host Hotels & Resorts from $19.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, February 24th. UBS Group upped their price target on Host Hotels & Resorts from $18.00 to $20.00 and gave the company a “neutral” rating in a research report on Friday, April 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Host Hotels & Resorts in a research note on Tuesday, January 13th. Finally, Morgan Stanley raised their target price on shares of Host Hotels & Resorts from $18.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, April 10th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.38.
Get Our Latest Stock Analysis on HST
Host Hotels & Resorts Company Profile
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.
See Also
Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.
