$1.32 Billion in Sales Expected for Host Hotels and Resorts Inc (NYSE:HST) This Quarter

Wall Street analysts expect Host Hotels and Resorts Inc (NYSE:HST) to post sales of $1.32 billion for the current quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Host Hotels and Resorts’ earnings, with estimates ranging from $1.31 billion to $1.37 billion. Host Hotels and Resorts reported sales of $1.36 billion in the same quarter last year, which suggests a negative year over year growth rate of 2.9%. The business is expected to issue its next quarterly earnings results on Tuesday, February 18th.

According to Zacks, analysts expect that Host Hotels and Resorts will report full year sales of $5.46 billion for the current financial year, with estimates ranging from $5.43 billion to $5.51 billion. For the next year, analysts forecast that the business will post sales of $5.27 billion, with estimates ranging from $5.12 billion to $5.51 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Host Hotels and Resorts.

Several equities analysts have recently commented on the company. ValuEngine upgraded Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. BMO Capital Markets initiated coverage on Host Hotels and Resorts in a research report on Wednesday, October 16th. They set an “outperform” rating and a $19.00 target price for the company. Barclays set a $21.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Monday, August 12th. Finally, Deutsche Bank lowered their price target on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $19.65.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC increased its position in Host Hotels and Resorts by 175.2% in the second quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock worth $213,137,000 after purchasing an additional 7,446,548 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Host Hotels and Resorts by 60.2% in the 2nd quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock worth $184,526,000 after buying an additional 3,850,979 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Host Hotels and Resorts by 17.4% in the 2nd quarter. Invesco Ltd. now owns 10,180,638 shares of the real estate investment trust’s stock worth $185,492,000 after buying an additional 1,505,749 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Host Hotels and Resorts by 3.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 9,647,729 shares of the real estate investment trust’s stock valued at $175,782,000 after buying an additional 298,929 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of Host Hotels and Resorts by 7.9% during the 2nd quarter. Bank of Montreal Can now owns 9,517,125 shares of the real estate investment trust’s stock valued at $173,401,000 after buying an additional 700,688 shares in the last quarter. 97.92% of the stock is owned by institutional investors and hedge funds.

Shares of HST stock opened at $17.72 on Friday. Host Hotels and Resorts has a 52-week low of $15.51 and a 52-week high of $20.34. The company has a debt-to-equity ratio of 0.59, a quick ratio of 7.70 and a current ratio of 7.70. The firm has a market capitalization of $12.58 billion, a PE ratio of 10.01, a PEG ratio of 1.99 and a beta of 1.13. The stock has a fifty day simple moving average of $17.00 and a two-hundred day simple moving average of $17.33.

Host Hotels and Resorts Company Profile

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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