Host Hotels & Resorts (NASDAQ:HST) Posts Earnings Results, Beats Estimates By $0.01 EPS

Host Hotels & Resorts (NASDAQ:HST) issued its quarterly earnings data on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.01, FiscalAI reports. Host Hotels & Resorts had a return on equity of 14.19% and a net margin of 15.01%. The company had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the company earned $0.35 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year.

Host Hotels & Resorts Stock Performance

Shares of HST stock traded up $0.07 during trading hours on Friday, hitting $24.70. 4,051,062 shares of the company were exchanged, compared to its average volume of 8,946,110. The firm has a fifty day simple moving average of $23.16 and a 200 day simple moving average of $22.05. The company has a current ratio of 2.96, a quick ratio of 2.96 and a debt-to-equity ratio of 0.80. Host Hotels & Resorts has a 52-week low of $16.77 and a 52-week high of $26.19. The stock has a market capitalization of $16.93 billion, a price-to-earnings ratio of 18.02, a P/E/G ratio of 3.61 and a beta of 1.09.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Wednesday, September 30th. Host Hotels & Resorts’s payout ratio is presently 58.39%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on HST. Morgan Stanley upped their price objective on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company an “equal weight” rating in a research note on Monday, October 12th. Barclays lifted their target price on shares of Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 13th. Truist Financial boosted their target price on shares of Host Hotels & Resorts from $24.00 to $27.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Cantor Fitzgerald upped their price target on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “neutral” rating in a research report on Tuesday, August 11th. Finally, Evercore set a $26.00 price target on Host Hotels & Resorts in a report on Monday, October 26th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus price target of $25.14.

Insider Transactions at Host Hotels & Resorts

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the business’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $23.13, for a total value of $1,477,590.66. Following the sale, the executive vice president directly owned 618,207 shares in the company, valued at $14,299,127.91. The trade was a 9.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by corporate insiders.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company’s properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.