Wall Street brokerages expect Host Hotels and Resorts Inc (NYSE:HST) to report $1.34 billion in sales for the current quarter, according to Zacks. Eight analysts have issued estimates for Host Hotels and Resorts’ earnings. The lowest sales estimate is $1.33 billion and the highest is $1.37 billion. Host Hotels and Resorts also posted sales of $1.34 billion in the same quarter last year. The firm is scheduled to announce its next quarterly earnings results on Wednesday, February 28th.

On average, analysts expect that Host Hotels and Resorts will report full year sales of $1.34 billion for the current financial year, with estimates ranging from $5.38 billion to $5.41 billion. For the next year, analysts forecast that the firm will post sales of $5.38 billion per share, with estimates ranging from $5.29 billion to $5.47 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings data on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.27 billion. Host Hotels and Resorts had a net margin of 11.11% and a return on equity of 8.44%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.37 earnings per share.

Several analysts have issued reports on HST shares. Deutsche Bank raised shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, October 12th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $21.00 target price on shares of Host Hotels and Resorts in a research report on Monday, November 6th. BTIG Research raised shares of Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Monday, December 4th. Zacks Investment Research raised shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co raised shares of Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and eight have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $20.46.

In other news, EVP Elizabeth A. Abdoo sold 60,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the transaction, the executive vice president now directly owns 168,905 shares of the company’s stock, valued at $3,454,107.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

A number of hedge funds have recently modified their holdings of HST. Point72 Asset Management L.P. purchased a new position in Host Hotels and Resorts during the third quarter valued at approximately $47,467,000. Bank of New York Mellon Corp increased its holdings in Host Hotels and Resorts by 12.1% during the third quarter. Bank of New York Mellon Corp now owns 19,409,238 shares of the real estate investment trust’s stock valued at $358,876,000 after buying an additional 2,094,813 shares during the period. Resolution Capital Ltd purchased a new position in Host Hotels and Resorts in the third quarter worth $24,072,000. Parametric Portfolio Associates LLC grew its holdings in Host Hotels and Resorts by 60.7% in the second quarter. Parametric Portfolio Associates LLC now owns 2,743,774 shares of the real estate investment trust’s stock worth $50,129,000 after purchasing an additional 1,036,180 shares during the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Host Hotels and Resorts in the second quarter worth $15,824,000.

Shares of Host Hotels and Resorts (NYSE:HST) traded down $0.04 during midday trading on Wednesday, reaching $20.32. 7,582,500 shares of the company’s stock traded hands, compared to its average volume of 6,722,850. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $15,068.20, a P/E ratio of 25.40, a P/E/G ratio of 2.48 and a beta of 1.29. Host Hotels and Resorts has a twelve month low of $17.26 and a twelve month high of $20.82.

The business also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.94%. The ex-dividend date was Thursday, December 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is presently 100.00%.

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Host Hotels and Resorts Company Profile

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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Earnings History and Estimates for Host Hotels and Resorts (NYSE:HST)

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