Host Hotels & Resorts (HST) Set to Announce Quarterly Earnings on Wednesday

Host Hotels & Resorts (NASDAQ:HST) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.55 per share for the quarter. Host Hotels & Resorts has set its FY24 guidance at $1.92 to $2.04 EPS and its FY 2024 guidance at 1.920-2.040 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. On average, analysts expect Host Hotels & Resorts to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Host Hotels & Resorts Stock Up 1.5 %

HST stock opened at $19.29 on Wednesday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $20.28 and a two-hundred day moving average price of $18.88. The company has a market cap of $13.57 billion, a price-to-earnings ratio of 18.55, a P/E/G ratio of 1.67 and a beta of 1.31. Host Hotels & Resorts has a twelve month low of $14.92 and a twelve month high of $21.31.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Thursday, March 28th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.15%. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 76.92%.

Insider Buying and Selling at Host Hotels & Resorts

In other Host Hotels & Resorts news, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the transaction, the chief executive officer now directly owns 2,225,577 shares of the company’s stock, valued at approximately $46,826,140.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. UBS Group reduced their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a research note on Friday, April 19th. Jefferies Financial Group lifted their target price on Host Hotels & Resorts from $21.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Stifel Nicolaus lifted their target price on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. Finally, Bank of America upgraded Host Hotels & Resorts from an “underperform” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $23.00 in a research note on Monday, January 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

About Host Hotels & Resorts

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.