Host Hotels & Resorts, Inc. Announces Quarterly Dividend of $0.20 (NASDAQ:HST)

Key Points

• Host Hotels & Resorts, Inc. announced a quarterly dividend of $0.20 per share, scheduled for payment on October 15th to stockholders of record by September 30th, reflecting a dividend yield of 4.5%.
• The company reported earnings of $0.58 per share for the last quarter, exceeding estimates, with a revenue increase of 8.2% year-over-year, amounting to $1.59 billion.
• Analysts have a consensus rating of "Moderate Buy" for Host Hotels & Resorts, with a target price averaging $17.77, and several firms have recently adjusted their price targets upward.

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) announced a quarterly dividend on Thursday, September 11th, RTT News reports. Stockholders of record on Tuesday, September 30th will be paid a dividend of 0.20 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.5%.

Host Hotels & Resorts has a payout ratio of 98.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings decline. Equities research analysts expect Host Hotels & Resorts to earn $1.94 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 41.2%.

Host Hotels & Resorts Trading Up 0.5%

NASDAQ:HST traded up $0.09 during mid-day trading on Thursday, hitting $17.68. The company had a trading volume of 6,156,193 shares, compared to its average volume of 9,720,729. Host Hotels & Resorts has a fifty-two week low of $12.22 and a fifty-two week high of $19.36. The business's fifty day moving average is $16.38 and its two-hundred day moving average is $15.45. The firm has a market cap of $12.16 billion, a P/E ratio of 18.81 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, research analysts expect that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on HST. JPMorgan Chase & Co. began coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective for the company. Stifel Nicolaus upped their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Truist Financial increased their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a "hold" rating in a research note on Wednesday, September 3rd. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, Host Hotels & Resorts currently has an average rating of "Moderate Buy" and a consensus price target of $17.77.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.

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