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

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) declared a quarterly dividend on Thursday, June 12th, RTT News reports. Shareholders of record on Monday, June 30th will be given a dividend of 0.20 per share on Tuesday, July 15th. This represents a $0.80 dividend on an annualized basis and a yield of 5.10%.

Host Hotels & Resorts has a dividend payout ratio of 98.8% indicating that 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 Price Performance

Host Hotels & Resorts stock traded down $0.28 on Thursday, reaching $15.69. The company's stock had a trading volume of 9,235,248 shares, compared to its average volume of 8,527,085. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market cap of $10.88 billion, a price-to-earnings ratio of 15.85 and a beta of 1.32. The business's fifty day moving average price is $14.62 and its 200 day moving average price is $16.03. Host Hotels & Resorts has a twelve month low of $12.22 and a twelve month high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the firm earned $0.60 earnings per share. The business's revenue was up 8.4% on a year-over-year basis. Equities analysts expect that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HST. Goldman Sachs Group Inc. grew its holdings in shares of Host Hotels & Resorts by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 5,209,534 shares of the company's stock worth $74,027,000 after buying an additional 1,019,345 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Host Hotels & Resorts by 80.5% during the first quarter. NewEdge Advisors LLC now owns 23,800 shares of the company's stock worth $338,000 after buying an additional 10,618 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Host Hotels & Resorts by 6.1% during the first quarter. Empowered Funds LLC now owns 18,879 shares of the company's stock worth $268,000 after buying an additional 1,088 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Compass Point lowered Host Hotels & Resorts from a "buy" rating to a "neutral" rating and cut their price target for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Truist Financial cut their price target on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a research note on Friday, March 21st. Raymond James dropped their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a report on Tuesday, February 18th. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Finally, Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and dropped their price objective for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $18.27.

Host Hotels & Resorts Company Profile

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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