Host Hotels & Resorts (NASDAQ:HST – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 1.920-1.920 for the period, compared to the consensus earnings per share estimate of 1.950. The company issued revenue guidance of $5.6 billion-$5.6 billion, compared to the consensus revenue estimate of $5.6 billion. Host Hotels & Resorts also updated its FY24 guidance to $1.92-1.94 EPS.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on HST shares. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday. Evercore ISI cut their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.29.
View Our Latest Research Report on HST
Host Hotels & Resorts Price Performance
Host Hotels & Resorts Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.44%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.
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.
Read More
- Five stocks we like better than Host Hotels & Resorts
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Airbnb Stock Attracts Attention With Strong Cash Flow Strategy
- What is MarketRank™? How to Use it
- MarketBeat Week in Review – 11/4 – 11/8
- How to Invest in Insurance Companies: A Guide
- Trump’s Return: Which Sectors Will Benefit Most?
Receive News & Ratings for Host Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.