Host Hotels & Resorts, Inc. (NASDAQ:HST) Expected to Post Quarterly Sales of $929.92 Million

Equities research analysts expect Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) to announce sales of $929.92 million for the current fiscal quarter, according to Zacks. Eight analysts have made estimates for Host Hotels & Resorts’ earnings. The lowest sales estimate is $912.00 million and the highest is $956.60 million. Host Hotels & Resorts posted sales of $399.00 million during the same quarter last year, which would indicate a positive year over year growth rate of 133.1%. The business is scheduled to report its next earnings report after the market closes on Monday, January 1st.

According to Zacks, analysts expect that Host Hotels & Resorts will report full year sales of $4.41 billion for the current financial year, with estimates ranging from $4.09 billion to $4.76 billion. For the next fiscal year, analysts forecast that the firm will report sales of $5.09 billion, with estimates ranging from $4.67 billion to $5.36 billion. Zacks’ sales averages are an average based on a survey of research firms that cover Host Hotels & Resorts.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last announced its earnings results on Wednesday, February 16th. The company reported $0.29 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.14. The company had revenue of $998.00 million during the quarter, compared to analyst estimates of $898.43 million. Host Hotels & Resorts had a negative net margin of 0.38% and a negative return on equity of 0.18%. Host Hotels & Resorts’s revenue was up 273.8% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) earnings per share.

Several research analysts have recently commented on HST shares. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $20.50 price objective for the company in a research note on Tuesday. The Goldman Sachs Group raised shares of Host Hotels & Resorts from a “sell” rating to a “neutral” rating and raised their price objective for the company from $17.00 to $18.00 in a research note on Tuesday, December 14th. Barclays raised their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 in a research note on Tuesday, March 1st. Jefferies Financial Group raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and raised their price objective for the company from $20.00 to $25.00 in a research note on Wednesday, March 30th. Finally, Raymond James raised shares of Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Wednesday, March 16th. Four equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $20.69.

HST stock traded up $1.85 during mid-day trading on Friday, hitting $19.70. 11,547,195 shares of the company were exchanged, compared to its average volume of 8,403,361. The company has a quick ratio of 10.82, a current ratio of 10.82 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $14.07 billion, a P/E ratio of -645.45 and a beta of 1.27. The business has a fifty day simple moving average of $18.43 and a 200-day simple moving average of $17.52. Host Hotels & Resorts has a 12-month low of $14.67 and a 12-month high of $20.25.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 15th. Shareholders of record on Thursday, March 31st will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $0.12 dividend on an annualized basis and a yield of 0.61%. Host Hotels & Resorts’s payout ratio is currently -399.87%.

A number of hedge funds have recently added to or reduced their stakes in HST. NEXT Financial Group Inc increased its holdings in shares of Host Hotels & Resorts by 440.2% in the 4th quarter. NEXT Financial Group Inc now owns 1,772 shares of the company’s stock valued at $31,000 after acquiring an additional 1,444 shares during the period. Desjardins Global Asset Management Inc. acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $40,000. CWM LLC acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $48,000. UMB Bank N A MO acquired a new position in shares of Host Hotels & Resorts in the 4th quarter valued at $50,000. Finally, Rockefeller Capital Management L.P. increased its holdings in shares of Host Hotels & Resorts by 80.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 3,030 shares of the company’s stock valued at $52,000 after acquiring an additional 1,350 shares during the period.

Host Hotels & Resorts Company Profile (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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