Host Hotels & Resorts (NASDAQ:HST) Releases Earnings Results, Beats Estimates By $0.01 EPS

Host Hotels & Resorts (NASDAQ:HST) released its earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.01, FiscalAI reports. Host Hotels & Resorts had a return on equity of 15.53% and a net margin of 16.51%. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the company posted $0.35 EPS. The company’s revenue for the quarter was up 1.2% compared to the same quarter last year.

Host Hotels & Resorts Stock Down 4.8%

Shares of NASDAQ HST traded down $1.25 during mid-day trading on Thursday, reaching $24.86. 10,600,483 shares of the company were exchanged, compared to its average volume of 8,932,456. Host Hotels & Resorts has a 1 year low of $16.62 and a 1 year high of $26.19. The stock has a market cap of $17.03 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 3.56 and a beta of 1.09. The company has a quick ratio of 2.96, a current ratio of 2.96 and a debt-to-equity ratio of 0.80. The firm has a 50-day moving average of $23.12 and a 200 day moving average of $22.02.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.2%. Host Hotels & Resorts’s payout ratio is 53.33%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the stock an “equal weight” rating in a research note on Monday, October 12th. JPMorgan Chase & Co. increased their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research note on Tuesday, July 21st. Barclays raised their target price on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Truist Financial lifted their price target on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the stock a “buy” rating in a research note on Thursday, September 10th. Finally, Evercore set a $26.00 price target on shares of Host Hotels & Resorts in a report on Monday, October 26th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $25.14.

Insider Buying and Selling

In other news, EVP Nathan Tyrrell sold 63,882 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the sale, the executive vice president directly owned 618,207 shares of the company’s stock, valued at $14,299,127.91. The trade was a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.50% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company’s properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.