Host Hotels & Resorts, Inc. (HST) Set to Announce Quarterly Earnings on Tuesday
Host Hotels & Resorts, Inc. (NYSE:HST) is set to issue its quarterly earnings data after the market closes on Tuesday, October 31st. Analysts expect the company to announce earnings of $0.13 per share for the quarter. Host Hotels & Resorts has set its FY17 guidance at $1.64-1.68 EPS.
Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.03. The business had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.49 EPS. On average, analysts expect Host Hotels & Resorts to post $1.66 EPS for the current fiscal year and $1.64 EPS for the next fiscal year.
Host Hotels & Resorts, Inc. (NYSE:HST) opened at 19.33 on Tuesday. The company has a market capitalization of $14.31 billion, a price-to-earnings ratio of 23.92 and a beta of 1.33. Host Hotels & Resorts, Inc. has a 52 week low of $14.69 and a 52 week high of $20.21. The firm has a 50-day moving average price of $18.59 and a 200-day moving average price of $18.35.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Friday, September 29th were given a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.14%. Host Hotels & Resorts’s payout ratio is 100.00%.
HST has been the topic of several research analyst reports. Boenning Scattergood upgraded Host Hotels & Resorts from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research report on Thursday, August 24th. Deutsche Bank AG upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $21.00 in a research report on Thursday, October 12th. Robert W. Baird restated a “buy” rating and issued a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, September 8th. SunTrust Banks, Inc. restated a “hold” rating on shares of Host Hotels & Resorts in a research report on Tuesday, October 17th. Finally, BidaskClub cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, August 11th. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have issued a buy rating to the company. Host Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $18.77.
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About Host Hotels & 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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