Host Hotels & Resorts, Inc. Forecasted to Earn FY2024 Earnings of $1.94 Per Share (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HSTFree Report) – Research analysts at Zacks Research lifted their FY2024 earnings estimates for Host Hotels & Resorts in a research report issued on Wednesday, March 13th. Zacks Research analyst R. Department now forecasts that the company will post earnings of $1.94 per share for the year, up from their prior forecast of $1.68. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.97 per share.

Several other research analysts also recently weighed in on HST. Stifel Nicolaus upped their price target on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, December 22nd. Truist Financial increased their price objective on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. upgraded shares of Host Hotels & Resorts from an “underweight” rating to a “neutral” rating and set a $15.00 price objective for the company in a report on Thursday, December 14th. Finally, Barclays increased their price objective on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a report on Friday, March 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Check Out Our Latest Stock Analysis on HST

Host Hotels & Resorts Trading Up 0.3 %

HST stock opened at $20.71 on Monday. The company’s 50-day simple moving average is $20.02 and its 200-day simple moving average is $18.14. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. Host Hotels & Resorts has a 52-week low of $14.51 and a 52-week high of $21.31. The firm has a market cap of $14.57 billion, a P/E ratio of 19.91, a PEG ratio of 1.83 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the company posted $0.44 earnings per share. Host Hotels & Resorts’s revenue for the quarter was up 4.8% compared to the same quarter last year.

Host Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.86%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 76.92%.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, CFO Sourav Ghosh sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $19.82, for a total value of $237,840.00. Following the completion of the transaction, the chief financial officer now owns 171,801 shares of the company’s stock, valued at approximately $3,405,095.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Host Hotels & Resorts news, VP Nathan S. Tyrrell sold 14,193 shares of Host Hotels & Resorts stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $19.78, for a total value of $280,737.54. Following the transaction, the vice president now directly owns 441,440 shares in the company, valued at $8,731,683.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Sourav Ghosh sold 12,000 shares of Host Hotels & Resorts stock in a transaction on Friday, December 22nd. The shares were sold at an average price of $19.82, for a total transaction of $237,840.00. Following the completion of the transaction, the chief financial officer now owns 171,801 shares in the company, valued at $3,405,095.82. The disclosure for this sale can be found here. Insiders sold 37,861 shares of company stock valued at $750,071 in the last 90 days. Company insiders own 1.14% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Garner Asset Management Corp purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $25,000. Brown Brothers Harriman & Co. raised its position in shares of Host Hotels & Resorts by 1,921.5% in the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock valued at $26,000 after buying an additional 1,249 shares during the last quarter. CVA Family Office LLC acquired a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $26,000. West Tower Group LLC acquired a new position in shares of Host Hotels & Resorts in the second quarter valued at approximately $25,000. Finally, Parkside Financial Bank & Trust increased its position in Host Hotels & Resorts by 146.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock worth $32,000 after purchasing an additional 976 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

About Host Hotels & Resorts

(Get Free Report)

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.

Further Reading

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

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