Host Hotels and Resorts Inc (NYSE:HST) announced a quarterly dividend on Wednesday, February 21st, RTT News reports. Shareholders of record on Thursday, March 29th will be given a dividend of 0.20 per share by the real estate investment trust on Monday, April 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.12%.
Host Hotels and Resorts has increased its dividend payment by an average of 8.9% per year over the last three years. Host Hotels and Resorts has a dividend payout ratio of 48.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Host Hotels and Resorts to earn $1.65 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 48.5%.
Shares of Host Hotels and Resorts (HST) opened at $19.40 on Thursday. The stock has a market capitalization of $14,439.12, a PE ratio of 24.03, a price-to-earnings-growth ratio of 2.37 and a beta of 1.26. Host Hotels and Resorts has a 52 week low of $17.26 and a 52 week high of $21.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.62 and a current ratio of 3.62.
Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.27. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.34 billion. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.17 EPS. equities research analysts anticipate that Host Hotels and Resorts will post 1.66 earnings per share for the current year.
In related news, EVP Elizabeth A. Abdoo sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the completion of the transaction, the executive vice president now directly owns 168,905 shares in the company, valued at approximately $3,454,107.25. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
A number of research firms have issued reports on HST. Evercore ISI upgraded Host Hotels and Resorts to an “underperform” rating in a research note on Thursday. Wolfe Research began coverage on Host Hotels and Resorts in a research note on Wednesday, November 29th. They set a “market perform” rating for the company. Wells Fargo & Co upgraded Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Monday, November 6th. Deutsche Bank set a $23.00 price objective on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research downgraded Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. Host Hotels and Resorts currently has an average rating of “Hold” and an average target price of $20.63.
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About Host Hotels and Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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