Host Hotels & Resorts (NASDAQ:HST) Releases Quarterly Earnings Results, Beats Expectations By $0.30 EPS

Key Points

• Host Hotels & Resorts reported quarterly EPS of $0.39, beating analyst expectations of $0.09 by $0.30; revenue was $1.35 billion, slightly below forecasts of $1.36 billion but up 1.2% year over year.
• The company’s shares rose 1.4% to $26.13 after the results, near their 12-month high of $26.17.
• Host paid a quarterly dividend of $0.20 per share, equivalent to an annualized $0.80 and a 3.1% yield; analysts’ consensus rating was “Moderate Buy,” with a $25.14 average target price.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.39 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.30, Zacks reports. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.36 billion. During the same period last year, the company posted $0.35 EPS. The company's revenue was up 1.2% on a year-over-year basis.

Host Hotels & Resorts Trading Up 1.4%

HST stock traded up $0.35 on Wednesday, hitting $26.13. 12,452,744 shares of the company were exchanged, compared to its average volume of 8,325,201. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. The stock has a market capitalization of $17.90 billion, a price-to-earnings ratio of 17.42, a price-to-earnings-growth ratio of 3.56 and a beta of 1.09. Host Hotels & Resorts has a twelve month low of $16.02 and a twelve month high of $26.17. The business's fifty day moving average is $23.12 and its two-hundred day moving average is $22.02.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 3.1%. Host Hotels & Resorts's dividend payout ratio (DPR) is currently 53.33%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, EVP Nathan Tyrrell sold 63,882 shares of the business's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total transaction of $1,477,590.66. Following the completion of the sale, the executive vice president directly owned 618,207 shares of the company's stock, valued at $14,299,127.91. The trade was a 9.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.50% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HST has been the subject of a number of analyst reports. Truist Financial boosted their price objective on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $26.00 to $27.00 and gave the stock an "overweight" rating in a research report on Monday, October 26th. Evercore set a $26.00 target price on shares of Host Hotels & Resorts in a research note on Monday, October 26th. Weiss Ratings upgraded Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a report on Friday, August 14th. Finally, JPMorgan Chase & Co. boosted their price target on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a "neutral" rating in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of "Moderate Buy" and a consensus target price of $25.14.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company's properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.

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