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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms. The Company also holds non-controlling interests in six domestic and one international joint ventures. Guided by a disciplined approach to capital allocation and aggressive asset management, the Company partners with premium brands such as Marriott®, Ritz-Carlton®, Westin®, Sheraton®, W®, St. Regis®, The Luxury Collection®, Hyatt®, Fairmont®, Hilton®, Swissôtel®, ibis® and Novotel®, as well as independent brands. For additional information, please visit the Company's website at www.hosthotels.com.
Host Hotels & Resorts Stock Down 0.9 %
Shares of HST Stock traded down $0.17 during trading hours on Wednesday, reaching $19.35. 7,722,150 shares of the stock were exchanged, compared to its average volume of 8,663,405. The business's fifty day moving average is $17.56 and its two-hundred day moving average is $17.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 11.29 and a quick ratio of 11.29. Host Hotels & Resorts has a 12-month low of $14.67 and a 12-month high of $21.63. The firm has a market capitalization of $13.83 billion, a P/E ratio of 24.19 and a beta of 1.24.
Host Hotels & Resorts (NASDAQ:HST - Get Rating) last released its earnings results on Wednesday, August 3rd. The company reported $0.36 earnings per share for the quarter, missing analysts' consensus estimates of $0.48 by ($0.12). Host Hotels & Resorts had a return on equity of 8.86% and a net margin of 13.34%. During the same quarter in the previous year, the business earned $0.12 EPS. As a group, research analysts expect that Host Hotels & Resorts will post 1.78 EPS for the current fiscal year.
Host Hotels & Resorts Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be issued a $0.12 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 2.48%. This is an increase from Host Hotels & Resorts's previous quarterly dividend of $0.06. Host Hotels & Resorts's dividend payout ratio is 30.00%.
Analysts Set New Price Targets
HST has been the topic of several research analyst reports. Evercore ISI restated an "outperform" rating and issued a $23.00 price objective on shares of Host Hotels & Resorts in a report on Monday, July 11th. Citigroup boosted their price objective on shares of Host Hotels & Resorts to $22.00 in a report on Monday. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Host Hotels & Resorts from $23.00 to $26.00 in a research note on Friday, May 6th. Truist Financial boosted their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock a "hold" rating in a research note on Wednesday, June 1st. Finally, StockNews.com upgraded shares of Host Hotels & Resorts from a "sell" rating to a "hold" rating in a research note on Tuesday, May 10th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Host Hotels & Resorts has an average rating of "Moderate Buy" and a consensus price target of $21.83.
Insider Activity at Host Hotels & Resorts
In related news, Director Walter C. Rakowich sold 3,290 shares of the company's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $19.61, for a total value of $64,516.90. Following the completion of the transaction, the director now directly owns 53,083 shares of the company's stock, valued at $1,040,957.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Walter C. Rakowich sold 3,290 shares of the company's stock in a transaction that occurred on Friday, May 20th. The stock was sold at an average price of $19.61, for a total value of $64,516.90. Following the completion of the transaction, the director now directly owns 53,083 shares of the company's stock, valued at $1,040,957.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Nathan S. Tyrrell sold 10,707 shares of the company's stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $21.00, for a total value of $224,847.00. Following the completion of the transaction, the vice president now directly owns 379,285 shares of the company's stock, valued at $7,964,985. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.