Host Hotels and Resorts Inc (HST) Expected to Post Quarterly Sales of $1.40 Billion

Equities analysts expect Host Hotels and Resorts Inc (NYSE:HST) to report sales of $1.40 billion for the current quarter, according to Zacks. Eight analysts have made estimates for Host Hotels and Resorts’ earnings, with the highest sales estimate coming in at $1.43 billion and the lowest estimate coming in at $1.37 billion. Host Hotels and Resorts reported sales of $1.35 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.7%. The firm is expected to issue its next earnings report on Wednesday, May 1st.

According to Zacks, analysts expect that Host Hotels and Resorts will report full year sales of $5.64 billion for the current fiscal year, with estimates ranging from $5.55 billion to $5.83 billion. For the next year, analysts expect that the firm will post sales of $5.70 billion, with estimates ranging from $5.56 billion to $5.90 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.41. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels and Resorts had a return on equity of 14.86% and a net margin of 19.68%. During the same quarter in the previous year, the business earned $0.12 EPS.

A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research note on Tuesday, March 19th. Wolfe Research downgraded Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price target for the company. in a research note on Tuesday, March 12th. Evercore ISI upgraded Host Hotels and Resorts from an “in-line” rating to an “outperform” rating in a research note on Tuesday, December 18th. Deutsche Bank reiterated a “buy” rating and set a $22.00 price target on shares of Host Hotels and Resorts in a research note on Sunday, February 24th. Finally, Citigroup downgraded Host Hotels and Resorts from a “buy” rating to a “neutral” rating and cut their price target for the company from $24.00 to $19.50 in a research note on Wednesday, December 12th. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $21.22.

In other Host Hotels and Resorts news, CFO Michael D. Bluhm sold 18,360 shares of Host Hotels and Resorts stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $19.84, for a total transaction of $364,262.40. Following the transaction, the chief financial officer now owns 176,618 shares of the company’s stock, valued at approximately $3,504,101.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 1.40% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of HST. Oregon Public Employees Retirement Fund lifted its position in shares of Host Hotels and Resorts by 1,610.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 18,133,693 shares of the real estate investment trust’s stock worth $1,088,000 after buying an additional 17,073,795 shares in the last quarter. Norges Bank bought a new position in shares of Host Hotels and Resorts during the 4th quarter worth approximately $123,703,000. PGGM Investments lifted its position in shares of Host Hotels and Resorts by 37.3% during the 4th quarter. PGGM Investments now owns 18,593,209 shares of the real estate investment trust’s stock worth $309,949,000 after buying an additional 5,053,489 shares in the last quarter. Deutsche Bank AG lifted its position in shares of Host Hotels and Resorts by 85.0% during the 3rd quarter. Deutsche Bank AG now owns 9,162,950 shares of the real estate investment trust’s stock worth $193,333,000 after buying an additional 4,208,751 shares in the last quarter. Finally, BlackRock Inc. lifted its position in shares of Host Hotels and Resorts by 4.2% during the 4th quarter. BlackRock Inc. now owns 86,424,415 shares of the real estate investment trust’s stock worth $1,440,696,000 after buying an additional 3,486,111 shares in the last quarter. 97.86% of the stock is currently owned by hedge funds and other institutional investors.

HST stock opened at $18.90 on Friday. The stock has a market cap of $14.07 billion, a price-to-earnings ratio of 10.68, a P/E/G ratio of 2.15 and a beta of 1.22. The company has a debt-to-equity ratio of 0.51, a current ratio of 5.51 and a quick ratio of 5.51. Host Hotels and Resorts has a 52-week low of $15.94 and a 52-week high of $22.47.

The company also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Friday, March 29th will be given a dividend of $0.20 per share. The ex-dividend date is Thursday, March 28th. This represents a $0.80 annualized dividend and a dividend yield of 4.23%. Host Hotels and Resorts’s dividend payout ratio is currently 45.20%.

About Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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

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