Host Hotels & Resorts (HST) Set to Announce Earnings on Wednesday

Host Hotels & Resorts (NASDAQ:HST) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Host Hotels & Resorts has set its FY24 guidance at $1.92 to $2.04 EPS and its FY 2024 guidance at 1.920-2.040 EPS.Investors interested in registering for the company’s conference call can do so using this link.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period in the prior year, the business earned $0.44 earnings per share. Host Hotels & Resorts’s revenue was up 4.8% compared to the same quarter last year. On average, analysts expect Host Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $19.19 on Tuesday. The firm has a 50-day moving average of $20.23 and a 200-day moving average of $18.96. Host Hotels & Resorts has a one year low of $14.92 and a one year high of $21.31. The company has a market cap of $13.50 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29.

Host Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 4.17%. Host Hotels & Resorts’s dividend payout ratio is presently 76.92%.

Analyst Upgrades and Downgrades

HST has been the subject of several research analyst reports. Oppenheimer upped their price target on shares of Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Jefferies Financial Group upped their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Bank of America upgraded Host Hotels & Resorts from an “underperform” rating to a “buy” rating and increased their target price for the company from $18.00 to $23.00 in a research report on Monday, January 8th. Raymond James boosted their price target on Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, March 15th. Finally, UBS Group lowered their price objective on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the transaction, the chief executive officer now directly owns 2,225,577 shares of the company’s stock, valued at $46,826,140.08. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.30% of the company’s stock.

Host Hotels & Resorts Company Profile

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.