Host Hotels & Resorts (NASDAQ:HST) Releases Earnings Results, Beats Estimates By $0.14 EPS

Host Hotels & Resorts (NASDAQ:HSTGet Rating) posted its quarterly earnings data on Wednesday. The company reported $0.16 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.14, MarketWatch Earnings reports. The company had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $949.39 million. Host Hotels & Resorts had a net margin of 7.21% and a return on equity of 4.10%. Host Hotels & Resorts’s revenue for the quarter was up 169.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.01 earnings per share.

HST stock opened at $20.24 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 10.82 and a current ratio of 10.82. The business has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $17.97. The company has a market capitalization of $14.45 billion, a P/E ratio of 57.83 and a beta of 1.15. Host Hotels & Resorts has a 52-week low of $14.67 and a 52-week high of $21.63.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be given a $0.06 dividend. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.03. The ex-dividend date is Wednesday, June 29th. This represents a $0.24 annualized dividend and a yield of 1.19%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 34.29%.

Large investors have recently made changes to their positions in the stock. MML Investors Services LLC raised its position in Host Hotels & Resorts by 6.2% in the 4th quarter. MML Investors Services LLC now owns 19,639 shares of the company’s stock valued at $342,000 after buying an additional 1,146 shares during the last quarter. Advisors Asset Management Inc. grew its stake in shares of Host Hotels & Resorts by 32.4% in the 4th quarter. Advisors Asset Management Inc. now owns 122,428 shares of the company’s stock worth $2,129,000 after acquiring an additional 29,939 shares in the last quarter. Metropolitan Life Insurance Co NY raised its holdings in shares of Host Hotels & Resorts by 9.6% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 128,561 shares of the company’s stock valued at $2,236,000 after purchasing an additional 11,248 shares during the last quarter. Penserra Capital Management LLC lifted its position in shares of Host Hotels & Resorts by 73.4% during the fourth quarter. Penserra Capital Management LLC now owns 26,617 shares of the company’s stock valued at $462,000 after purchasing an additional 11,267 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in Host Hotels & Resorts by 440.2% during the fourth quarter. NEXT Financial Group Inc now owns 1,772 shares of the company’s stock worth $31,000 after purchasing an additional 1,444 shares during the last quarter.

A number of analysts have weighed in on HST shares. Raymond James upgraded Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price target for the company in a report on Wednesday, March 16th. Morgan Stanley lifted their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 18th. Jefferies Financial Group upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and increased their price target for the stock from $20.00 to $25.00 in a report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Host Hotels & Resorts from $23.00 to $26.00 in a research note on Friday. Finally, Compass Point increased their target price on shares of Host Hotels & Resorts from $22.00 to $25.00 in a research note on Friday, February 18th. Four 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $21.07.

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.

See Also

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

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