Host Hotels & Resorts (NASDAQ:HST – Get 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%.
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.
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