Host Hotels & Resorts Inc. (HST) Declares Quarterly Dividend of $0.12
Host Hotels & Resorts (NYSE:HST) declared a quarterly dividend on Monday, September 16th, StockRatingsNetwork.com reports. Shareholders of record on Monday, September 30th will be given a dividend of $0.12 per share on Tuesday, October 15th. This represents a $0.48 dividend on an annualized basis and a yield of 2.66%.
A number of research firms have recently commented on HST. Analysts at Cowen and Company cut their price target on shares of Host Hotels & Resorts (NYSE:HST) from $25.00 to $22.00 in a research note to investors on Thursday. They now have an “outperform” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Host Hotels & Resorts (NYSE:HST) in a research note to investors on Friday, September 6th. They now have a $18.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Host Hotels & Resorts (NYSE:HST) from $17.00 to $18.00 in a research note to investors on Thursday, August 22nd.
Eight investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $19.45.
Host Hotels & Resorts (NYSE:HST) opened at 18.06 on Monday. Host Hotels & Resorts has a 52 week low of $13.58 and a 52 week high of $18.87. The stock’s 50-day moving average is $17.5 and its 200-day moving average is $17.54. The company has a market cap of $13.546 billion and a P/E ratio of 86.41.
Host Hotels & Resorts (NYSE:HST) last released its earnings data on Friday, August 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the company posted $0.34 earnings per share. Host Hotels & Resorts’s revenue was up 7.1% compared to the same quarter last year. On average, analysts predict that Host Hotels & Resorts will post $1.29 earnings per share for the current fiscal year.
In other Host Hotels & Resorts news, EVP Minaz Abji unloaded 100,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $17.95, for a total transaction of $1,795,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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