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

Host Hotels & Resorts (NASDAQ:HST) will issue its quarterly earnings data 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.Persons interested in registering for the company’s earnings conference call can do so using this link.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The business had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the previous year, the company posted $0.44 earnings per share. Host Hotels & Resorts’s revenue was up 4.8% on a year-over-year basis. 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 1.7 %

Shares of NASDAQ HST opened at $19.19 on Tuesday. The firm’s 50-day moving average is $20.23 and its two-hundred day moving average is $18.96. The company has a market capitalization of $13.50 billion, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.68 and a beta of 1.31. Host Hotels & Resorts has a 12-month low of $14.92 and a 12-month high of $21.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29.

Host Hotels & Resorts Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were paid a $0.20 dividend. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.18. The ex-dividend date was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 4.17%. Host Hotels & Resorts’s payout ratio is presently 76.92%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HST. Oppenheimer raised their price objective on Host Hotels & Resorts from $21.00 to $23.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Barclays lifted their price target on shares of Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. UBS Group reduced their price objective on 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. Finally, Raymond James increased their target price on Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and an average target price of $21.33.

Insider Buying and Selling at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the transaction, the chief executive officer now directly owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.30% of the stock is currently owned by insiders.

About Host Hotels & Resorts

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.