Brokers Issue Forecasts for Host Hotels & Resorts, Inc.’s Q3 2022 Earnings (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) – Analysts at Capital One Financial increased their Q3 2022 earnings per share estimates for Host Hotels & Resorts in a report issued on Sunday, April 10th. Capital One Financial analyst N. Malkin now forecasts that the company will post earnings of $0.32 per share for the quarter, up from their previous estimate of $0.26. Capital One Financial also issued estimates for Host Hotels & Resorts’ Q1 2023 earnings at $0.46 EPS, Q3 2023 earnings at $0.39 EPS and FY2023 earnings at $1.92 EPS.

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

HST has been the topic of a number of other reports. Barclays upped their price objective on shares of Host Hotels & Resorts from $21.00 to $23.00 in a research note on Tuesday, March 1st. Zacks Investment Research upgraded shares of Host Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $20.50 price target for the company in a research note on Tuesday. Morgan Stanley lifted their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 18th. Raymond James upgraded Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 target price on the stock in a research note on Wednesday, March 16th. Finally, Jefferies Financial Group raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $20.00 to $25.00 in a report on Wednesday, March 30th. Four research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $20.69.

Host Hotels & Resorts stock opened at $19.70 on Wednesday. The business has a 50 day moving average of $18.48 and a 200-day moving average of $17.54. The company has a market capitalization of $14.07 billion, a P/E ratio of -656.45 and a beta of 1.27. Host Hotels & Resorts has a 1 year low of $14.67 and a 1 year high of $20.25. The company has a debt-to-equity ratio of 0.76, a current ratio of 10.82 and a quick ratio of 10.82.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 15th. Stockholders of record on Thursday, March 31st will be issued a $0.03 dividend. The ex-dividend date is Wednesday, March 30th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.61%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently -399.87%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Host Hotels & Resorts by 6.6% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 765,340 shares of the company’s stock valued at $13,309,000 after buying an additional 47,119 shares in the last quarter. Royal London Asset Management Ltd. increased its position in shares of Host Hotels & Resorts by 3.2% in the fourth quarter. Royal London Asset Management Ltd. now owns 275,245 shares of the company’s stock valued at $4,788,000 after buying an additional 8,460 shares in the last quarter. Yousif Capital Management LLC acquired a new position in Host Hotels & Resorts during the fourth quarter worth $2,291,000. B. Metzler seel. Sohn & Co. Holding AG raised its position in shares of Host Hotels & Resorts by 92.0% during the 3rd quarter. B. Metzler seel. Sohn & Co. Holding AG now owns 91,789 shares of the company’s stock worth $1,499,000 after purchasing an additional 43,989 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. purchased a new position in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $201,000.

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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