Host Hotels & Resorts, Inc. (NASDAQ:HST) Expected to Announce Earnings of $0.45 Per Share

Equities research analysts forecast that Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) will post earnings of $0.45 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Host Hotels & Resorts’ earnings, with estimates ranging from $0.35 to $0.52. Host Hotels & Resorts reported earnings per share of $0.12 in the same quarter last year, which indicates a positive year-over-year growth rate of 275%. The company is scheduled to issue its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Host Hotels & Resorts will report full year earnings of $1.57 per share for the current year, with EPS estimates ranging from $1.23 to $1.78. For the next financial year, analysts expect that the firm will report earnings of $1.84 per share, with EPS estimates ranging from $1.50 to $2.01. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Host Hotels & Resorts.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14. Host Hotels & Resorts had a return on equity of 4.06% and a net margin of 7.21%. The company had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $949.39 million. During the same period in the previous year, the firm posted $0.01 earnings per share. The firm’s revenue for the quarter was up 169.2% on a year-over-year basis.

HST has been the topic of a number of analyst reports. Jefferies Financial Group raised Host Hotels & Resorts from a “hold” rating to a “buy” rating and upped their target price for the company from $20.00 to $25.00 in a research note on Wednesday, March 30th. Barclays boosted their price target on Host Hotels & Resorts from $21.00 to $23.00 in a report on Tuesday, March 1st. Wells Fargo & Company boosted their price target on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, March 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Host Hotels & Resorts from $23.00 to $26.00 in a report on Friday, May 6th. Finally, Raymond James upgraded Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Wednesday, March 16th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $21.23.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Neuberger Berman Group LLC increased its position in shares of Host Hotels & Resorts by 3.5% in the 1st quarter. Neuberger Berman Group LLC now owns 29,372 shares of the company’s stock valued at $571,000 after acquiring an additional 1,003 shares during the period. Toroso Investments LLC grew its position in Host Hotels & Resorts by 16.6% during the 1st quarter. Toroso Investments LLC now owns 36,625 shares of the company’s stock worth $712,000 after purchasing an additional 5,218 shares during the period. Worldquant Millennium Advisors LLC acquired a new stake in Host Hotels & Resorts during the 1st quarter worth about $532,000. Virtu Financial LLC grew its position in Host Hotels & Resorts by 211.1% during the 1st quarter. Virtu Financial LLC now owns 39,223 shares of the company’s stock worth $762,000 after purchasing an additional 26,615 shares during the period. Finally, Advisors Asset Management Inc. boosted its stake in shares of Host Hotels & Resorts by 9.1% during the 1st quarter. Advisors Asset Management Inc. now owns 133,609 shares of the company’s stock worth $2,596,000 after acquiring an additional 11,181 shares in the last quarter.

NASDAQ HST traded up $0.23 during trading hours on Wednesday, hitting $18.84. 319,738 shares of the company were exchanged, compared to its average volume of 8,714,919. The stock has a 50-day moving average price of $19.48 and a 200 day moving average price of $18.16. The company has a quick ratio of 4.03, a current ratio of 4.03 and a debt-to-equity ratio of 0.65. Host Hotels & Resorts has a 52 week low of $14.67 and a 52 week high of $21.63. The stock has a market cap of $13.47 billion, a PE ratio of 53.17 and a beta of 1.15.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, June 29th. Host Hotels & Resorts’s dividend payout ratio is presently 34.29%.

About Host Hotels & Resorts (Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

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