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

Host Hotels & Resorts (NASDAQ:HST) is set to announce 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.Parties that wish to listen to the company’s conference call can do so using this link.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The company’s revenue for the quarter was up 4.8% compared to the same quarter last year. 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 opened at $19.29 on Wednesday. The company has a current ratio of 3.29, a quick ratio of 3.29 and a debt-to-equity ratio of 0.63. Host Hotels & Resorts has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a market capitalization of $13.57 billion, a PE ratio of 18.55, a PEG ratio of 1.67 and a beta of 1.31. The firm’s 50 day simple moving average is $20.28 and its two-hundred day simple moving average is $18.88.

Host Hotels & Resorts Increases Dividend

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

Analyst Ratings Changes

A number of research analysts recently weighed in on HST shares. Bank of America upgraded shares of Host Hotels & Resorts from an “underperform” rating to a “buy” rating and lifted their target price for the company from $18.00 to $23.00 in a research note on Monday, January 8th. UBS Group decreased their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. Raymond James boosted their price target on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the stock an “outperform” rating in a research note on Friday, March 15th. Stifel Nicolaus boosted their price target on shares of Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company boosted their price target on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $21.33.

Insider Transactions at Host Hotels & Resorts

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

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