FY2024 Earnings Forecast for HST Issued By Zacks Research

Host Hotels & Resorts, Inc. (NASDAQ:HST) – Zacks Research reduced their FY2024 EPS estimates for Host Hotels & Resorts in a research note issued on Wednesday, November 27th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of $1.93 for the year, down from their prior estimate of $1.94. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.94 per share. Zacks Research also issued estimates for Host Hotels & Resorts’ Q4 2024 earnings at $0.40 EPS, Q3 2025 earnings at $0.36 EPS, Q4 2025 earnings at $0.45 EPS, Q2 2026 earnings at $0.51 EPS and Q3 2026 earnings at $0.39 EPS.

HST has been the subject of several other reports. Robert W. Baird lowered their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a report on Monday, August 5th. Stifel Nicolaus lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Wells Fargo & Company upped their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Trading Down 0.1 %

HST stock opened at $18.42 on Monday. The company has a market capitalization of $12.88 billion, a PE ratio of 17.88, a P/E/G ratio of 1.66 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Host Hotels & Resorts has a 12 month low of $15.71 and a 12 month high of $21.31. The firm’s 50-day moving average is $17.82 and its 200 day moving average is $17.66.

Host Hotels & Resorts (NASDAQ:HST) last posted 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 return on equity of 10.72% and a net margin of 12.92%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period last year, the company earned $0.41 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. Host Hotels & Resorts’s dividend payout ratio is presently 77.67%.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC increased its position in Host Hotels & Resorts by 27.1% during the third quarter. Tidal Investments LLC now owns 31,038 shares of the company’s stock worth $546,000 after buying an additional 6,611 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in shares of Host Hotels & Resorts during the third quarter worth approximately $182,000. Sanctuary Advisors LLC increased its holdings in shares of Host Hotels & Resorts by 23.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 25,592 shares of the company’s stock valued at $467,000 after acquiring an additional 4,870 shares during the period. Invst LLC boosted its stake in Host Hotels & Resorts by 6.7% during the 3rd quarter. Invst LLC now owns 37,581 shares of the company’s stock worth $661,000 after purchasing an additional 2,376 shares during the period. Finally, Toronto Dominion Bank boosted its stake in Host Hotels & Resorts by 1.1% during the 3rd quarter. Toronto Dominion Bank now owns 353,593 shares of the company’s stock worth $6,223,000 after purchasing an additional 3,827 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Company Profile

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.