Q4 2023 EPS Estimates for Host Hotels & Resorts, Inc. Decreased by Analyst (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) – Analysts at Capital One Financial reduced their Q4 2023 earnings per share (EPS) estimates for Host Hotels & Resorts in a research report issued to clients and investors on Wednesday, May 4th. Capital One Financial analyst N. Malkin now forecasts that the company will post earnings of $0.44 per share for the quarter, down from their previous forecast of $0.52.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $949.39 million. Host Hotels & Resorts had a negative return on equity of 0.18% and a negative net margin of 0.38%. The company’s revenue was up 169.2% compared to the same quarter last year. During the same period last year, the company posted $0.01 EPS.

Several other research firms have also weighed in on HST. Morgan Stanley raised their price objective on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 18th. Compass Point raised their price objective on Host Hotels & Resorts from $22.00 to $25.00 in a research note on Friday, February 18th. Zacks Investment Research upgraded Host Hotels & Resorts from a “hold” rating to a “strong-buy” rating and set a $20.50 target price for the company in a report on Tuesday, April 12th. Barclays increased their target price on Host Hotels & Resorts from $21.00 to $23.00 in a report on Tuesday, March 1st. Finally, Wells Fargo & Company increased their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the company an “equal weight” rating in a report on Thursday, March 10th. Four investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $21.07.

Shares of HST traded up $0.15 during trading hours on Friday, hitting $19.90. 107,943 shares of the company were exchanged, compared to its average volume of 8,231,156. The company has a market capitalization of $14.21 billion, a PE ratio of 56.43 and a beta of 1.15. 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 has a fifty day simple moving average of $19.03 and a 200-day simple moving average of $17.92. Host Hotels & Resorts has a one year low of $14.67 and a one year high of $21.63.

Large investors have recently bought and sold shares of the company. NEXT Financial Group Inc raised its stake in shares of Host Hotels & Resorts by 440.2% in the fourth 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 last quarter. Desjardins Global Asset Management Inc. bought a new position in Host Hotels & Resorts in the 4th quarter worth approximately $40,000. Riverview Trust Co raised its position in Host Hotels & Resorts by 83.6% in the 1st quarter. Riverview Trust Co now owns 2,389 shares of the company’s stock worth $46,000 after purchasing an additional 1,088 shares during the last quarter. CWM LLC bought a new position in Host Hotels & Resorts in the 4th quarter worth approximately $48,000. Finally, UMB Bank N A MO bought a new position in Host Hotels & Resorts in the 4th quarter worth approximately $50,000.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Stockholders of record on Thursday, June 30th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, June 29th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.21%. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.03. Host Hotels & Resorts’s payout ratio is 34.29%.

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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