Hotels

Host Hotels & Resorts, Inc. Forecasted to Earn Q3 2022 Earnings of $0.39 Per Share (NASDAQ:HST)

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Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) – Investment analysts at Capital One Financial boosted their Q3 2022 EPS estimates for Host Hotels & Resorts in a report issued on Thursday, September 15th. Capital One Financial analyst N. Malkin now anticipates that the company will earn $0.39 per share for the quarter, up from their previous estimate of $0.37. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.79 per share. Capital One Financial also issued estimates for Host Hotels & Resorts’ FY2022 earnings at $1.87 EPS, Q1 2023 earnings at $0.54 EPS, Q2 2023 earnings at $0.59 EPS, Q3 2023 earnings at $0.41 EPS, Q4 2023 earnings at $0.55 EPS, FY2023 earnings at $2.09 EPS, Q1 2024 earnings at $0.62 EPS, Q2 2024 earnings at $0.66 EPS and FY2024 earnings at $2.34 EPS.

Host Hotels & Resorts (NASDAQ:HST – Get Rating) last released its quarterly earnings results on Wednesday, August 3rd. The company reported $0.36 earnings per share for the quarter, missing the consensus estimate 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 prior year, the firm posted $0.12 earnings per share.

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A number of other research analysts have also recently commented on HST. Oppenheimer started coverage on Host Hotels & Resorts in a research note on Wednesday. They issued a “market perform” rating and a $21.00 target price on the stock. Citigroup increased their target price on Host Hotels & Resorts to $22.00 in a research note on Monday, August 15th. Wells Fargo & Company raised Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and increased their target price for the company from $20.00 to $21.00 in a research note on Monday, August 29th. Barclays cut their price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating for the company in a research report on Thursday, July 7th. Finally, Evercore ISI restated an “outperform” rating and set a $23.00 price target on shares of Host Hotels & Resorts in a research report on Monday, July 11th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.08.

Host Hotels & Resorts Stock Down 2.0 %

HST opened at $17.77 on Friday. The stock has a market cap of $12.70 billion, a PE ratio of 22.21 and a beta of 1.22. The company has a quick ratio of 11.29, a current ratio of 11.29 and a debt-to-equity ratio of 0.62. Host Hotels & Resorts has a 52 week low of $15.10 and a 52 week high of $21.63. The business’s fifty day simple moving average is $18.18 and its 200 day simple moving average is $17.74.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in HST. Brown Brothers Harriman & Co. increased its stake in shares of Host Hotels & Resorts by 1,921.5% during the first quarter. Brown Brothers Harriman & Co. now owns 1,314 shares of the company’s stock valued at $26,000 after purchasing an additional 1,249 shares in the last quarter. Glassman Wealth Services increased its stake in shares of Host Hotels & Resorts by 317.9% during the second quarter. Glassman Wealth Services now owns 1,747 shares of the company’s stock valued at $27,000 after purchasing an additional 1,329 shares in the last quarter. Tcwp LLC bought a new position in shares of Host Hotels & Resorts during the first quarter valued at approximately $31,000. Parkside Financial Bank & Trust increased its stake in shares of Host Hotels & Resorts by 146.3% during the first quarter. Parkside Financial Bank & Trust now owns 1,643 shares of the company’s stock valued at $32,000 after purchasing an additional 976 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd increased its stake in shares of Host Hotels & Resorts by 118.2% during the first quarter. Harvest Fund Management Co. Ltd now owns 2,147 shares of the company’s stock valued at $41,000 after purchasing an additional 1,163 shares in the last quarter. Institutional investors own 98.79% of the company’s stock.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Investors of record on Friday, September 30th will be paid a $0.12 dividend. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.06. This represents a $0.48 dividend on an annualized basis and a yield of 2.70%. Host Hotels & Resorts’s dividend payout ratio is presently 30.00%.

About Host Hotels & Resorts

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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.

See Also

Earnings History and Estimates for Host Hotels & Resorts (NASDAQ:HST)

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