Host Hotels and Resorts Inc (HST) Expected to Post Quarterly Sales of $1.28 Billion

Equities research analysts expect that Host Hotels and Resorts Inc (NYSE:HST) will announce $1.28 billion in sales for the current fiscal quarter, according to Zacks. Eight analysts have issued estimates for Host Hotels and Resorts’ earnings, with estimates ranging from $1.26 billion to $1.34 billion. Host Hotels and Resorts posted sales of $1.25 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.4%. The business is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.

According to Zacks, analysts expect that Host Hotels and Resorts will report full-year sales of $5.54 billion for the current financial year, with estimates ranging from $5.51 billion to $5.64 billion. For the next fiscal year, analysts expect that the business will report sales of $5.74 billion per share, with estimates ranging from $5.51 billion to $6.59 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.23). Host Hotels and Resorts had a net margin of 12.05% and a return on equity of 9.27%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Robert W. Baird upped their price target on shares of Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, August 9th. Citigroup upped their price target on shares of Host Hotels and Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a report on Thursday, June 14th. ValuEngine downgraded shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Finally, Goldman Sachs Group downgraded shares of Host Hotels and Resorts from a “neutral” rating to a “sell” rating and set a $20.00 price target for the company. in a report on Sunday, June 10th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $21.87.

Shares of NYSE HST opened at $21.47 on Friday. Host Hotels and Resorts has a twelve month low of $17.93 and a twelve month high of $22.47. The company has a debt-to-equity ratio of 0.59, a current ratio of 3.33 and a quick ratio of 3.33. The stock has a market capitalization of $15.79 billion, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 2.43 and a beta of 1.24.

A number of hedge funds have recently bought and sold shares of the business. CIBC Asset Management Inc lifted its stake in Host Hotels and Resorts by 3.6% during the second quarter. CIBC Asset Management Inc now owns 70,668 shares of the real estate investment trust’s stock valued at $1,489,000 after buying an additional 2,450 shares in the last quarter. Sawtooth Solutions LLC lifted its stake in Host Hotels and Resorts by 12.3% during the second quarter. Sawtooth Solutions LLC now owns 23,508 shares of the real estate investment trust’s stock valued at $495,000 after buying an additional 2,569 shares in the last quarter. Federated Investors Inc. PA lifted its stake in Host Hotels and Resorts by 4.0% during the second quarter. Federated Investors Inc. PA now owns 67,542 shares of the real estate investment trust’s stock valued at $1,423,000 after buying an additional 2,570 shares in the last quarter. Cynosure Advisors LLC increased its holdings in shares of Host Hotels and Resorts by 19.4% in the 2nd quarter. Cynosure Advisors LLC now owns 16,358 shares of the real estate investment trust’s stock valued at $345,000 after purchasing an additional 2,659 shares during the period. Finally, BDO Wealth Advisors LLC increased its holdings in shares of Host Hotels and Resorts by 8.9% in the 1st quarter. BDO Wealth Advisors LLC now owns 34,233 shares of the real estate investment trust’s stock valued at $638,000 after purchasing an additional 2,808 shares during the period. 99.42% of the stock is owned by institutional investors.

About Host Hotels and Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.

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

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