Host Hotels & Resorts (NASDAQ:HST) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Host Hotels & Resorts (NASDAQ:HST) posted its earnings results on Wednesday. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, FiscalAI reports. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.36 billion. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. Host Hotels & Resorts’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.35 EPS.

Host Hotels & Resorts Trading Up 1.4%

Shares of Host Hotels & Resorts stock opened at $26.13 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. Host Hotels & Resorts has a 1 year low of $16.02 and a 1 year high of $26.17. The firm has a market cap of $17.90 billion, a PE ratio of 17.42, a PEG ratio of 3.56 and a beta of 1.09. The company has a 50 day simple moving average of $23.12 and a two-hundred day simple moving average of $22.02.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, September 30th. This represents a $0.80 annualized dividend and a yield of 3.1%. Host Hotels & Resorts’s payout ratio is presently 53.33%.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of recent analyst reports. Weiss Ratings upgraded shares of Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, August 14th. Barclays upped their price target on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 13th. Cantor Fitzgerald increased their price objective on Host Hotels & Resorts from $23.00 to $24.00 and gave the stock a “neutral” rating in a research report on Tuesday, August 11th. Morgan Stanley lifted their price objective on Host Hotels & Resorts from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Finally, JPMorgan Chase & Co. boosted their target price on Host Hotels & Resorts from $22.00 to $25.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $25.14.

Insider Activity at Host Hotels & Resorts

In other news, EVP Nathan Tyrrell sold 63,882 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the transaction, the executive vice president owned 618,207 shares of the company’s stock, valued at $14,299,127.91. This represents a 9.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is owned by insiders.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company’s properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.