Host Hotels and Resorts Inc (NYSE:HST) – Analysts at Jefferies Financial Group lowered their Q4 2019 earnings estimates for Host Hotels and Resorts in a research report issued to clients and investors on Wednesday, November 6th. Jefferies Financial Group analyst D. Katz now expects that the real estate investment trust will post earnings per share of $0.38 for the quarter, down from their prior forecast of $0.41. Jefferies Financial Group also issued estimates for Host Hotels and Resorts’ Q1 2020 earnings at $0.47 EPS, Q2 2020 earnings at $0.53 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.40 EPS, FY2020 earnings at $1.76 EPS, Q3 2021 earnings at $0.34 EPS and FY2021 earnings at $1.67 EPS.
Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.50 billion. Host Hotels and Resorts had a return on equity of 15.20% and a net margin of 20.80%. The firm’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company earned $0.28 earnings per share.
A number of other equities research analysts have also commented on HST. Barclays set a $21.00 price target on Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Monday, August 12th. ValuEngine lowered Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research report on Friday. Deutsche Bank decreased their price target on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Thursday, October 24th. BMO Capital Markets assumed coverage on Host Hotels and Resorts in a report on Wednesday, October 16th. They set an “outperform” rating and a $19.00 price objective on the stock. Finally, BTIG Research downgraded Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. Four investment analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Host Hotels and Resorts has a consensus rating of “Hold” and an average target price of $19.85.
NYSE HST traded up $0.22 during trading hours on Friday, reaching $17.17. 8,325,070 shares of the company’s stock were exchanged, compared to its average volume of 6,872,809. The stock has a market cap of $12.71 billion, a PE ratio of 9.70, a price-to-earnings-growth ratio of 1.98 and a beta of 1.11. Host Hotels and Resorts has a one year low of $15.51 and a one year high of $20.34. The firm has a fifty day moving average of $16.80 and a 200-day moving average of $17.60. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.52.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend was Friday, September 27th. Host Hotels and Resorts’s dividend payout ratio is 45.20%.
A number of large investors have recently bought and sold shares of the business. Nuveen Asset Management LLC lifted its holdings in Host Hotels and Resorts by 175.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock worth $213,137,000 after buying an additional 7,446,548 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Host Hotels and Resorts by 60.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock valued at $184,526,000 after purchasing an additional 3,850,979 shares during the period. Invesco Ltd. lifted its stake in shares of Host Hotels and Resorts by 17.4% in the 2nd quarter. Invesco Ltd. now owns 10,180,638 shares of the real estate investment trust’s stock valued at $185,492,000 after purchasing an additional 1,505,749 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of Host Hotels and Resorts by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,647,729 shares of the real estate investment trust’s stock valued at $175,782,000 after purchasing an additional 298,929 shares during the period. Finally, Bank of Montreal Can lifted its stake in shares of Host Hotels and Resorts by 7.9% in the 2nd quarter. Bank of Montreal Can now owns 9,517,125 shares of the real estate investment trust’s stock valued at $173,401,000 after purchasing an additional 700,688 shares during the period. 97.22% of the stock is currently owned by hedge funds and other 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.
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