Brokerages Anticipate Host Hotels and Resorts Inc (NYSE:HST) Will Post Earnings of $0.27 Per Share

Equities analysts expect Host Hotels and Resorts Inc (NYSE:HST) to announce earnings per share (EPS) of $0.27 for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Host Hotels and Resorts’ earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.36. Host Hotels and Resorts reported earnings of $0.53 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 49.1%. The firm is scheduled to report its next earnings results on Tuesday, August 4th.

On average, analysts expect that Host Hotels and Resorts will report full year earnings of ($0.02) per share for the current year, with EPS estimates ranging from ($0.34) to $0.30. For the next financial year, analysts anticipate that the firm will post earnings of $0.84 per share, with EPS estimates ranging from $0.13 to $1.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last issued its earnings results on Thursday, May 7th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.04). The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Host Hotels and Resorts had a net margin of 14.25% and a return on equity of 9.95%. The firm’s revenue was down 24.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.48 EPS.

Several analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Host Hotels and Resorts from $14.00 to $15.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. BMO Capital Markets downgraded shares of Host Hotels and Resorts from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $19.00 to $13.00 in a report on Thursday, March 12th. Capital One Financial downgraded shares of Host Hotels and Resorts from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a report on Monday. TheStreet downgraded shares of Host Hotels and Resorts from a “b-” rating to a “c+” rating in a report on Thursday, March 5th. Finally, Zacks Investment Research downgraded shares of Host Hotels and Resorts from a “hold” rating to a “strong sell” rating and set a $13.00 price objective on the stock. in a report on Monday, May 4th. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. Host Hotels and Resorts presently has an average rating of “Hold” and a consensus price target of $13.22.

In other news, Director Walter C. Rakowich sold 5,566 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The shares were sold at an average price of $10.63, for a total value of $59,166.58. Following the completion of the transaction, the director now owns 48,764 shares of the company’s stock, valued at $518,361.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 1.20% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Orion Portfolio Solutions LLC acquired a new position in Host Hotels and Resorts during the fourth quarter worth approximately $37,000. Quadrant Capital Group LLC increased its position in Host Hotels and Resorts by 317.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,175 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,654 shares during the last quarter. Pacitti Group Inc. acquired a new position in Host Hotels and Resorts during the fourth quarter worth approximately $51,000. Van ECK Associates Corp acquired a new position in Host Hotels and Resorts during the fourth quarter worth approximately $78,000. Finally, Point72 Hong Kong Ltd acquired a new position in Host Hotels and Resorts during the fourth quarter worth approximately $120,000. 98.00% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HST traded up $0.12 during midday trading on Friday, hitting $11.08. The stock had a trading volume of 642,730 shares, compared to its average volume of 15,924,472. The company has a market capitalization of $7.57 billion, a PE ratio of 10.85 and a beta of 1.27. The stock has a 50 day moving average price of $11.81 and a two-hundred day moving average price of $13.96. The company has a current ratio of 12.76, a quick ratio of 12.76 and a debt-to-equity ratio of 0.75. Host Hotels and Resorts has a 1 year low of $7.86 and a 1 year high of $18.90.

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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