Equities Analysts Offer Predictions for HST FY2024 Earnings

Host Hotels & Resorts, Inc. (NASDAQ:HST) – Equities research analysts at Wedbush reduced their FY2024 earnings per share (EPS) estimates for Host Hotels & Resorts in a report issued on Thursday, November 14th. Wedbush analyst R. Anderson now forecasts that the company will earn $1.93 per share for the year, down from their previous forecast of $1.97. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.94 per share. Wedbush also issued estimates for Host Hotels & Resorts’ Q4 2024 earnings at $0.41 EPS and FY2025 earnings at $2.01 EPS.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter last year, the business earned $0.41 EPS. Host Hotels & Resorts’s revenue for the quarter was up 8.6% compared to the same quarter last year.

Other analysts also recently issued research reports about the company. Evercore ISI cut their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. UBS Group lowered their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Oppenheimer lowered their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, Truist Financial cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.21.

Host Hotels & Resorts Trading Down 0.5 %

NASDAQ:HST opened at $17.33 on Monday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $17.74 and its two-hundred day moving average is $17.68. Host Hotels & Resorts has a 52 week low of $15.71 and a 52 week high of $21.31. The company has a market cap of $12.11 billion, a PE ratio of 16.83, a P/E/G ratio of 1.56 and a beta of 1.32.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its stake in Host Hotels & Resorts by 645.5% during the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after buying an additional 55,775 shares during the period. CANADA LIFE ASSURANCE Co raised its position in shares of Host Hotels & Resorts by 4.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,888,031 shares of the company’s stock valued at $39,037,000 after buying an additional 84,687 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Host Hotels & Resorts by 9.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after buying an additional 55,654 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock valued at $5,750,000 after purchasing an additional 286,281 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Host Hotels & Resorts by 111.7% during the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock valued at $33,963,000 after purchasing an additional 866,530 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%. Host Hotels & Resorts’s payout ratio is 77.67%.

About Host Hotels & Resorts

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.