Q4 2022 EPS Estimates for Host Hotels & Resorts, Inc. (NASDAQ:HST) Increased by Analyst

Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) – Analysts at Capital One Financial increased their Q4 2022 earnings per share (EPS) estimates for Host Hotels & Resorts in a research note issued on Thursday, September 15th. Capital One Financial analyst N. Malkin now forecasts that the company will earn $0.51 per share for the quarter, up from their previous forecast of $0.45. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.80 per share.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate of $0.48 by ($0.12). Host Hotels & Resorts had a net margin of 13.34% and a return on equity of 8.86%. During the same period in the prior year, the business earned $0.12 EPS.

Several other brokerages have also weighed in on HST. Truist Financial increased their price objective on Host Hotels & Resorts from $19.00 to $21.00 and gave the company a “hold” rating in a report on Wednesday, June 1st. Oppenheimer initiated coverage on Host Hotels & Resorts in a research report on Wednesday, September 14th. They issued a “market perform” rating and a $21.00 price objective on the stock. Evercore ISI reiterated an “outperform” rating and issued a $23.00 price objective on shares of Host Hotels & Resorts in a research report on Monday, July 11th. Barclays lowered their price objective on Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Finally, Citigroup increased their price objective on Host Hotels & Resorts to $22.00 in a research report on Monday, August 15th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average target price of $22.08.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $17.77 on Monday. The stock has a fifty day simple moving average of $18.18 and a two-hundred day simple moving average of $17.72. Host Hotels & Resorts has a 1-year low of $15.10 and a 1-year high of $21.63. The firm has a market cap of $12.70 billion, a price-to-earnings ratio of 22.21 and a beta of 1.22. The company has a current ratio of 11.29, a quick ratio of 11.29 and a debt-to-equity ratio of 0.62.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Brown Brothers Harriman & Co. grew its stake in shares of Host Hotels & Resorts by 1,921.5% in the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock worth $26,000 after purchasing an additional 1,249 shares during the last quarter. Tcwp LLC bought a new stake in shares of Host Hotels & Resorts in the first quarter worth about $31,000. Parkside Financial Bank & Trust grew its stake in shares of Host Hotels & Resorts by 146.3% in the first quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock worth $32,000 after purchasing an additional 976 shares during the last quarter. Glassman Wealth Services grew its stake in shares of Host Hotels & Resorts by 317.9% in the second quarter. Glassman Wealth Services now owns 1,747 shares of the company’s stock worth $27,000 after purchasing an additional 1,329 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd grew its stake in shares of Host Hotels & Resorts by 118.2% in the first quarter. Harvest Fund Management Co. Ltd now owns 2,147 shares of the company’s stock worth $41,000 after purchasing an additional 1,163 shares during the last quarter. Hedge funds and other institutional investors own 98.79% of the company’s stock.

Host Hotels & Resorts Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.12 dividend. This represents a $0.48 annualized dividend and a dividend yield of 2.70%. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.06. Host Hotels & Resorts’s payout ratio is currently 30.00%.

Host Hotels & Resorts Company Profile

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

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