Host Marriott L P (HST) Expected to Post Quarterly Sales of $1.32 Billion

Wall Street analysts expect that Host Marriott L P (NYSE:HST) will report sales of $1.32 billion for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Host Marriott L P’s earnings. The highest sales estimate is $1.34 billion and the lowest is $1.31 billion. Host Marriott L P posted sales of $1.35 billion during the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, May 2nd.

According to Zacks, analysts expect that Host Marriott L P will report full year sales of $1.32 billion for the current year, with estimates ranging from $5.36 billion to $5.69 billion. For the next year, analysts forecast that the firm will post sales of $5.51 billion per share, with estimates ranging from $5.04 billion to $5.87 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Host Marriott L P.

Host Marriott L P (NYSE:HST) last announced its earnings results on Wednesday, February 21st. The real estate investment trust reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.27. The company had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Host Marriott L P had a return on equity of 7.97% and a net margin of 10.47%. The firm’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 earnings per share.



A number of equities analysts have issued reports on HST shares. Raymond James Financial upgraded Host Marriott L P from a “market perform” rating to an “outperform” rating and set a $22.00 price objective for the company in a report on Monday, January 8th. Deutsche Bank set a $23.00 price objective on Host Marriott L P and gave the stock a “buy” rating in a report on Friday, February 9th. Boenning Scattergood reiterated a “buy” rating on shares of Host Marriott L P in a report on Friday, February 23rd. Cantor Fitzgerald set a $21.00 price objective on Host Marriott L P and gave the stock a “buy” rating in a report on Friday, February 23rd. Finally, Barclays reiterated an “equal weight” rating and issued a $21.00 price objective (up previously from $20.00) on shares of Host Marriott L P in a report on Monday, February 26th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Host Marriott L P presently has an average rating of “Buy” and a consensus target price of $21.05.

Large investors have recently modified their holdings of the company. We Are One Seven LLC bought a new position in shares of Host Marriott L P during the fourth quarter valued at $112,000. Whittier Trust Co. of Nevada Inc. bought a new position in shares of Host Marriott L P during the fourth quarter valued at $188,000. IFP Advisors Inc increased its holdings in shares of Host Marriott L P by 695.1% during the fourth quarter. IFP Advisors Inc now owns 9,915 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 8,668 shares in the last quarter. Koch Industries Inc. bought a new position in shares of Host Marriott L P during the fourth quarter valued at $209,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in shares of Host Marriott L P during the fourth quarter valued at $216,000.

HST opened at $18.48 on Thursday. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 0.56. The firm has a market capitalization of $13,390.18, a price-to-earnings ratio of 10.93, a PEG ratio of 2.18 and a beta of 1.26. Host Marriott L P has a 12-month low of $17.26 and a 12-month high of $21.53.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Stockholders of record on Thursday, March 29th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, March 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.33%. Host Marriott L P’s payout ratio is presently 47.34%.

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About Host Marriott L P

Host Hotels & Resorts, Inc is an S&P 500 and Fortune 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 87 properties in the United States and six properties internationally totaling approximately 52,000 rooms.

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Earnings History and Estimates for Host Marriott L P (NYSE:HST)

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