About Host Hotels & Resorts (NYSE:HST)
Host Hotels & Resorts, Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P. (Host L.P.), of which Host Inc. was the general partner and of which it held approximately 99% of the partnership interests (OP units), as of December 31, 2016. As of February 20, 2017, its lodging portfolio consisted of 96 primarily luxury and upper-upscale hotels containing approximately 53,500 rooms, with the majority located in the United States, and with seven of the properties located outside of the United States in Australia, Brazil, Canada and Mexico. In addition, it owns non-controlling interests in two international joint ventures: approximately a 33% interest in a joint venture in Europe, and a 9% indirect interest, through joint ventures in India.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Hospitality REITs
- Sub-Industry: Specialized REITs
- Symbol: NYSE:HST
- CUSIP: 44107P10
- Web: www.hosthotels.com
- Market Cap: $14.40141 billion
- Outstanding Shares: 740,051,000
- 50 Day Moving Avg: $18.55
- 200 Day Moving Avg: $18.34
- 52 Week Range: $14.69 - $20.21
Sales & Book Value:
- Trailing P/E Ratio: 24.08
- Foreward P/E Ratio: 11.87
- P/E Growth: 0.90
- Annual Revenue: $5.45 billion
- Price / Sales: 2.64
- Book Value: $9.61 per share
- Price / Book: 2.02
- Annual Dividend: $0.80
- Dividend Yield: 4.1%
- EBITDA: $1.45 billion
- Net Margins: 11.09%
- Return on Equity: 8.47%
- Return on Assets: 5.16%
- Debt-to-Equity Ratio: 0.56%
- Current Ratio: 3.47%
- Quick Ratio: 3.47%
- Average Volume: 6.25 million shs.
- Beta: 1.33
- Short Ratio: 8.64
Frequently Asked Questions for Host Hotels & Resorts (NYSE:HST)
What is Host Hotels & Resorts' stock symbol?
Host Hotels & Resorts trades on the New York Stock Exchange (NYSE) under the ticker symbol "HST."
How often does Host Hotels & Resorts pay dividends? What is the dividend yield for Host Hotels & Resorts?
Host Hotels & Resorts declared a quarterly dividend on Monday, September 18th. Investors of record on Friday, September 29th will be paid a dividend of $0.20 per share on Monday, October 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Thursday, September 28th. View Host Hotels & Resorts' Dividend History.
How will Host Hotels & Resorts' stock buyback program work?
Host Hotels & Resorts announced that its board has approved a share buyback plan on Monday, April 10th 2017, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 3.7% of its shares through open market purchases. Shares buyback plans are often a sign that the company's board believes its stock is undervalued.
How were Host Hotels & Resorts' earnings last quarter?
Host Hotels & Resorts, Inc. (NYSE:HST) announced its earnings results on Wednesday, July, 26th. The company reported $0.49 EPS for the quarter, topping the Zacks' consensus estimate of $0.46 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The firm's revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 EPS. View Host Hotels & Resorts' Earnings History.
When will Host Hotels & Resorts make its next earnings announcement?
What guidance has Host Hotels & Resorts issued on next quarter's earnings?
Host Hotels & Resorts issued an update on its FY17 earnings guidance on Wednesday, July, 26th. The company provided earnings per share (EPS) guidance of $1.64-1.68 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.66.
Where is Host Hotels & Resorts' stock going? Where will Host Hotels & Resorts' stock price be in 2017?
15 brokers have issued 12 month price targets for Host Hotels & Resorts' stock. Their forecasts range from $14.00 to $21.00. On average, they expect Host Hotels & Resorts' share price to reach $18.64 in the next year. View Analyst Ratings for Host Hotels & Resorts.
What are analysts saying about Host Hotels & Resorts stock?
Here are some recent quotes from research analysts about Host Hotels & Resorts stock:
- 1. SunTrust Banks, Inc. analysts commented, "Finally Spur Increase in Loan/Lease Volumes for CIT? Most of the elements that investors have been looking to arise from CIT Group’s (CIT) self-help story have been delivered in the company’s recent quarterly reports: higher return on average tangible common equity (ROATCE), lower operating expenses, a higher percentage of low-cost deposits in its funding mix, and a healthy amount of share buybacks." (10/17/2017)
- 2. According to Zacks Investment Research, "Host Hotels came up with a better-than-expected performance in terms of adjusted funds from operations (FFO) per share in the second quarter. Results reflect growth in comparable hotel revenue per available room (RevPAR) and improvement in margin. The company also raised its full-year 2017 outlook. It has no meaningful debt maturities till Sep 2020. The company’s solid portfolio of upscale hotels across lucrative markets, strategic capital-recycling program and a healthy balance sheet bode well for long-term growth. Nevertheless, year-to-date, shares of Host Hotels & Resorts underperformed the industry it belongs to. Notably, supply growth in the company’s key markets and rate hike remain concerns. Also, with the Jewish holidays moving back from October to September, the third quarter results are anticipated to be negatively affected." (7/31/2017)
- 3. Boenning Scattergood analysts commented, "We reiterate our Neutral rating on HST and look for a more attractive relative NAV discount as entry point. Key Points: Solid FFO Beat – HST reported strong second quarter FFO of $0.49 per share, two cents ahead of consensus and nine cents ahead of B&S. The result was better than expected on essentially all fronts, indicating another hopeful sign for the hotel industry despite the late stage of the cycle." (7/28/2017)
- 4. Canaccord Genuity analysts commented, "Date and time of first dissemination: December 14, 2016, 10:09 ET Date and time of production: December 14, 2016, 10:09 ET Target Price / Valuation Methodology: Host Hotels and Resorts – HST Our $17 year-end 2017 price target is based on a 15% discount to our year-end 2017 NAV estimate, which is driven by a 6.75% cap rate on 2018 estimates. This valuation is supported by DCF analysis assuming an 8.0% cost of equity and a 2% terminal growth rate. Our year-end 2017 target implies an 11.6x 2017E EBITDA multiple Risks to achieving Target Price / Valuation: Host Hotels and Resorts – HST 1." (12/15/2016)
Are investors shorting Host Hotels & Resorts?
Host Hotels & Resorts saw a increase in short interest in September. As of September 29th, there was short interest totalling 63,742,694 shares, an increase of 0.4% from the September 15th total of 64,009,988 shares. Based on an average daily volume of 5,271,594 shares, the days-to-cover ratio is currently 12.1 days. Currently, 8.7% of the shares of the company are short sold.
Who are some of Host Hotels & Resorts' key competitors?
Some companies that are related to Host Hotels & Resorts include Gaming and Leisure Properties (GLPI), Park Hotels & Resorts (PK), Hospitality Properties Trust (HPT), Apple Hospitality REIT (APLE), Strategic Hotels and Resorts (BEE), Sunstone Hotel Investors (SHO), LaSalle Hotel Properties (LHO), RLJ Lodging Trust (RLJ), Pebblebrook Hotel Trust (PEB), Xenia Hotels & Resorts (XHR), Diamondrock Hospitality Company (DRH), MGM Growth Properties LLC (MGP), Summit Hotel Properties (INN), Chesapeake Lodging Trust (CHSP), FelCor Lodging Trust Incorporated (FCH), Chatham Lodging Trust (REIT) (CLDT), Hersha Hospitality Trust (HT) and Ashford Hospitality Trust (AHT).
Who are Host Hotels & Resorts' key executives?
Host Hotels & Resorts' management team includes the folowing people:
- Richard E. Marriott, Chairman of the Board
- James F. Risoleo, President, Chief Executive Officer, Director
- Gregory J. Larson, Chief Financial Officer, Executive Vice President
- Nathan S. Tyrrell, Executive Vice President, Chief Investment Officer
- Elizabeth A. Abdoo, Executive Vice President, General Counsel, Secretary
- Joanne G. Hamilton, Executive Vice President - Human Resources
- Brian G. Macnamara, Senior Vice President, Corporate Controller
- Michael E. Lentz, Managing Director, Global Development, Design & Construction
- A. William Stein, Director
- Mary L. Baglivo, Independent Director
Who owns Host Hotels & Resorts stock?
Host Hotels & Resorts' stock is owned by a number of of institutional and retail investors. Top institutional investors include PGGM Investments (1.64%), APG Asset Management N.V. (0.72%), State Treasurer State of Michigan (0.03%), Mutual of America Capital Management LLC (0.02%), Shell Asset Management Co. (0.02%) and Fulton Bank N.A. (0.00%). Company insiders that own Host Hotels & Resorts stock include Brian G Macnamara, Elizabeth A Abdoo, Gregory J Larson, Joanne G Hamilton, Minaz Abji, Nathan S Tyrrell, Richard E Marriott, W Edward Walter and Walter C Rakowich. View Institutional Ownership Trends for Host Hotels & Resorts.
Who sold Host Hotels & Resorts stock? Who is selling Host Hotels & Resorts stock?
Host Hotels & Resorts' stock was sold by a variety of institutional investors in the last quarter, including PGGM Investments, State Treasurer State of Michigan and Mutual of America Capital Management LLC. Company insiders that have sold Host Hotels & Resorts stock in the last year include Brian G Macnamara, Elizabeth A Abdoo, Gregory J Larson, Joanne G Hamilton, Minaz Abji, Nathan S Tyrrell, Richard E Marriott, W Edward Walter and Walter C Rakowich. View Insider Buying and Selling for Host Hotels & Resorts.
Who bought Host Hotels & Resorts stock? Who is buying Host Hotels & Resorts stock?
Host Hotels & Resorts' stock was purchased by a variety of institutional investors in the last quarter, including APG Asset Management N.V., Shell Asset Management Co., Alpha Windward LLC, Newman Dignan & Sheerar Inc., Fulton Bank N.A., Quantitative Systematic Strategies LLC and Eqis Capital Management Inc.. View Insider Buying and Selling for Host Hotels & Resorts.
How do I buy Host Hotels & Resorts stock?
Shares of Host Hotels & Resorts can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Host Hotels & Resorts' stock price today?
MarketBeat Community Rating for Host Hotels & Resorts (NYSE HST)MarketBeat's community ratings are surveys of what our community members think about Host Hotels & Resorts and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Host Hotels & Resorts stock can currently be purchased for approximately $19.46.
Consensus Ratings for Host Hotels & Resorts (NYSE:HST) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Sell Rating, 9 Hold Ratings, 5 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.27)|
|Consensus Price Target: ||$18.64 (4.23% downside)|Consensus Price Target History for Host Hotels & Resorts (NYSE:HST)
Analysts' Ratings History for Host Hotels & Resorts (NYSE:HST)
(Data available from 10/22/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/17/2017||SunTrust Banks, Inc.||Reiterated Rating||Hold||N/A|
|10/17/2017||Stifel Nicolaus||Reiterated Rating||Buy||$19.00||N/A|
|10/12/2017||Robert W. Baird||Reiterated Rating||Buy||$20.00||N/A|
|10/12/2017||Deutsche Bank AG||Upgrade||Hold -> Buy||$18.00 -> $21.00||N/A|
|9/22/2017||Boenning Scattergood||Reiterated Rating||Buy||$20.00||Low|
|7/28/2017||Barclays PLC||Reiterated Rating||Hold||$20.00||Low|
|6/7/2017||Royal Bank Of Canada||Reiterated Rating||Hold||$20.00||Low|
|4/10/2017||Goldman Sachs Group, Inc. (The)||Upgrade||Sell -> Neutral||$16.00 -> $17.00||Low|
|4/7/2017||JMP Securities||Reiterated Rating||Market Perform||Low|
|3/3/2017||Evercore ISI||Downgrade||Hold -> Underperform||N/A|
|1/4/2017||Canaccord Genuity||Reiterated Rating||Hold||$20.00||N/A|
|12/15/2016||Argus||Downgrade||Buy -> Hold||N/A|
|11/15/2016||Morgan Stanley||Reiterated Rating||Equal Weight||$15.00 -> $14.00||N/A|
|11/10/2016||Cantor Fitzgerald||Set Price Target||Buy||$18.00||N/A|
|10/25/2016||Nomura||Downgrade||Buy -> Neutral||$19.00 -> $16.00||N/A|
|10/5/2016||Citigroup Inc.||Lower Price Target||Buy||$20.00 -> $16.75||N/A|
|8/25/2016||BTIG Research||Initiated Coverage||Neutral||N/A|
|7/13/2016||J P Morgan Chase & Co||Downgrade||Neutral -> Underweight||$16.00 -> $15.00||N/A|
|5/18/2016||Raymond James Financial, Inc.||Upgrade||Underperform -> Market Perform||N/A|
|3/23/2016||Credit Suisse Group||Reiterated Rating||Neutral||$15.00 -> $16.00||N/A|
|1/29/2016||Susquehanna Bancshares Inc||Lower Price Target||Neutral||$17.00 -> $15.00||N/A|
Earnings History for Host Hotels & Resorts (NYSE:HST)Earnings History by Quarter for Host Hotels & Resorts (NYSE HST)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|7/26/2017||Q2 2017||$0.46||$0.49||$1.43 billion||$1.44 billion||View||N/A|
|4/28/2017||Q1 2017||$0.39||$0.44||$1.31 billion||$1.35 billion||View||N/A|
|2/22/2017||Q416||$0.14||$0.17||$1.31 billion||$1.34 billion||View||Listen|
|11/2/2016||Q316||$0.36||$0.37||$1.29 billion||$1.30 billion||View||Listen|
|7/29/2016||Q216||$0.49||$0.49||$1.47 billion||$1.46 billion||View||Listen|
|4/29/2016||Q1||$0.38||$0.41||$1.35 billion||$1.34 billion||View||Listen|
|2/17/2016||Q4||$0.35||$0.39||$1.33 million||$1.33 million||View||Listen|
|10/29/2015||Q3||$0.32||$0.34||$1.29 billion||$1.29 billion||View||Listen|
|7/30/2015||Q215||$0.45||$0.46||$1.46 billion||$1.45 billion||View||Listen|
|4/30/2015||Q1||$0.33||$0.35||$1.32 billion||$1.32 billion||View||Listen|
|2/19/2015||Q414||$0.38||$0.40||$1.35 billion||$1.24 billion||View||Listen|
|10/30/2014||Q314||$0.31||$0.34||$1.28 billion||$1.29 billion||View||Listen|
|7/31/2014||Q214||$0.43||$0.43||$1.44 billion||$1.43 billion||View||Listen|
|5/1/2014||Q1||$0.30||$0.33||$1.27 billion||$1.31 billion||View||Listen|
|2/19/2014||Q413||$0.31||$0.33||$1.30 billion||$1.32 billion||View||Listen|
|11/5/2013||Q313||$0.27||$0.25||$1.25 billion||$1.21 billion||View||Listen|
|8/2/2013||Q213||$0.42||$0.45||$1.43 billion||$1.42 billion||View||Listen|
|5/3/2013||Q113||$0.23||$0.28||$1.19 billion||$1.24 billion||View||Listen|
|2/21/2013||Q412||$0.38||$0.40||$1.72 billion||$1.75 billion||View||Listen|
|10/10/2012||Q312||$0.21||$0.21||$1.21 billion||$1.20 billion||View||N/A|
Earnings Estimates for Host Hotels & Resorts (NYSE:HST)
2017 EPS Consensus Estimate: $1.55
2018 EPS Consensus Estimate: $1.58
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Host Hotels & Resorts (NYSE:HST)
|Most Recent Dividend:||10/16/2017|
|Dividend Growth:||24.00% (3 Year Average)|
|Payout Ratio:||100.00% (Trailing 12 Months of Earnings) |
48.19% (Based on This Year's Estimates)
48.78% (Based on Next Year's Estimates)
|Track Record:||6 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Host Hotels & Resorts (NYSE HST)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Host Hotels & Resorts (NYSE:HST)
Insider Ownership Percentage: 1.70%Insider Trades by Quarter for Host Hotels & Resorts (NYSE:HST)
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|6/20/2017||Joanne G Hamilton||EVP||Sell||3,069||$19.01||$58,341.69|| |
|5/12/2017||Walter C Rakowich||Director||Sell||2,828||$17.59||$49,744.52|| |
|3/17/2017||Gregory J Larson||CFO||Sell||23,000||$18.40||$423,200.00|| |
|3/16/2017||Gregory J Larson||CFO||Sell||40,678||$18.24||$741,966.72|| |
|3/15/2017||Joanne G Hamilton||EVP||Sell||15,254||$18.25||$278,385.50|| |
|3/1/2017||Minaz Abji||EVP||Sell||110,085||$18.43||$2,028,866.55|| |
|3/1/2017||Nathan S Tyrrell||Insider||Sell||1,000||$18.40||$18,400.00|| |
|2/28/2017||Nathan S Tyrrell||Insider||Sell||31,147||$18.01||$560,957.47|| |
|12/23/2016||Richard E Marriott||Chairman||Sell||50,000||$18.44||$922,000.00|| |
|12/21/2016||Brian G Macnamara||SVP||Sell||8,427||$19.38||$163,315.26|| |
|12/19/2016||Elizabeth A Abdoo||EVP||Sell||105,405||$19.07||$2,010,073.35|| |
|12/19/2016||W Edward Walter||CEO||Sell||134,854||$19.02||$2,564,923.08|| |
|12/16/2016||Joanne G Hamilton||EVP||Sell||20,000||$19.01||$380,200.00|| |
|12/16/2016||W Edward Walter||CEO||Sell||405,943||$18.93||$7,684,500.99|| |
|8/16/2016||Gregory J Larson||CFO||Sell||40,000||$18.22||$728,800.00|| |
|8/10/2016||Brian G Macnamara||SVP||Sell||5,000||$18.21||$91,050.00|| |
|8/2/2016||Brian G Macnamara||SVP||Sell||6,000||$17.51||$105,060.00|| |
|3/14/2016||Brian G Macnamara||SVP||Sell||5,000||$16.86||$84,300.00|| |
|12/18/2015||Richard E. Marriott||Chairman||Sell||32,000||$15.28||$488,960.00|| |
|11/5/2015||Minaz Abji||EVP||Sell||40,000||$17.65||$706,000.00|| |
|3/12/2015||Gerard E Haberman||SVP||Sell||8,000||$20.81||$166,480.00|| |
|9/17/2014||Brian G Macnamara||SVP||Sell||8,852||$21.99||$194,655.48|| |
|8/19/2014||W Edward Walter||CEO||Sell||200,000||$22.61||$4,522,000.00|| |
|6/23/2014||Gregory J Larson||EVP||Sell||18,000||$22.43||$403,740.00|| |
|6/12/2014||Minaz Abji||EVP||Sell||99,150||$22.15||$2,196,172.50|| |
|6/4/2014||Elizabeth A Abdoo||EVP||Sell||50,000||$22.17||$1,108,500.00|| |
|5/12/2014||Gregory Larson||EVP||Sell||42,224||$21.70||$916,260.80|| |
|5/6/2014||W Edward Walter||CEO||Sell||200,000||$21.31||$4,262,000.00|| |
|3/13/2014||Elizabeth Abdoo||EVP||Sell||50,000||$20.25||$1,012,500.00|| |
|12/6/2013||W Edward Walter||CEO||Sell||100,000||$18.48||$1,848,000.00|| |
|9/17/2013||Brian Macnamara||SVP||Sell||5,000||$18.32||$91,600.00|| |
|9/17/2013||Elizabeth Abdoo||EVP||Sell||68,805||$18.26||$1,256,379.30|| |
|9/13/2013||Minaz Abji||EVP||Sell||75,000||$18.01||$1,350,750.00|| |
|9/12/2013||Joanne Hamilton||VP||Sell||9,021||$18.24||$164,543.04|| |
|9/12/2013||W Edward Walter||CEO||Sell||126,153||$18.02||$2,273,277.06|| |
|9/10/2013||Minaz Abji||EVP||Sell||100,000||$17.95||$1,795,000.00|| |
|5/21/2013||Larry K Harvey||CFO||Sell||81,801||$18.56||$1,518,226.56|| |
|12/21/2012||Minaz Abji||EVP||Sell||143,089||$15.77||$2,256,513.53|| |
Headline Trends for Host Hotels & Resorts (NYSE:HST)
Latest Headlines for Host Hotels & Resorts (NYSE:HST)
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Host Hotels & Resorts (HST) Chart for Sunday, October, 22, 2017