Host Hotels and Resorts Inc (NYSE:HST) Expected to Announce Quarterly Sales of $1.28 Billion

Equities analysts predict that Host Hotels and Resorts Inc (NYSE:HST) will announce sales of $1.28 billion for the current quarter, Zacks Investment Research reports. Nine analysts have provided estimates for Host Hotels and Resorts’ earnings, with estimates ranging from $1.25 billion to $1.33 billion. Host Hotels and Resorts posted sales of $1.30 billion in the same quarter last year, which would indicate a negative year over year growth rate of 1.5%. The company is expected to issue its next earnings report on Thursday, November 7th.

On average, analysts expect that Host Hotels and Resorts will report full-year sales of $5.45 billion for the current financial year, with estimates ranging from $5.12 billion to $5.64 billion. For the next financial year, analysts expect that the business will report sales of $5.44 billion, with estimates ranging from $5.27 billion to $5.70 billion. Zacks Investment Research’s 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 issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. The business had revenue of $1.48 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the firm posted $0.28 earnings per share. The firm’s quarterly revenue was down 2.3% on a year-over-year basis.

Several equities research analysts have issued reports on HST shares. Stifel Nicolaus set a $20.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research note on Wednesday, August 7th. BTIG Research lowered shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a research note on Thursday. ValuEngine lowered shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, July 9th. Morgan Stanley set a $18.00 price target on shares of Host Hotels and Resorts and gave the company a “sell” rating in a research note on Friday, May 3rd. Finally, Barclays set a $21.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Monday, August 12th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.72.

Several institutional investors have recently added to or reduced their stakes in the company. Nuveen Asset Management LLC lifted its position in shares of Host Hotels and Resorts by 175.2% during the second quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock valued at $213,137,000 after purchasing an additional 7,446,548 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Host Hotels and Resorts by 3,267.9% during the second quarter. Daiwa Securities Group Inc. now owns 5,406,381 shares of the real estate investment trust’s stock valued at $98,505,000 after acquiring an additional 5,245,854 shares in the last quarter. Cohen & Steers Inc. grew its stake in Host Hotels and Resorts by 187.4% during the second quarter. Cohen & Steers Inc. now owns 7,991,480 shares of the real estate investment trust’s stock valued at $145,605,000 after acquiring an additional 5,210,573 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Host Hotels and Resorts by 60.2% during the second quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock valued at $184,526,000 after acquiring an additional 3,850,979 shares in the last quarter. Finally, Schroder Investment Management Group lifted its position in Host Hotels and Resorts by 1,546.8% during the second quarter. Schroder Investment Management Group now owns 3,230,106 shares of the real estate investment trust’s stock valued at $58,852,000 after purchasing an additional 3,033,957 shares during the last quarter. Institutional investors own 99.64% of the company’s stock.

HST stock traded up $0.14 during midday trading on Wednesday, hitting $15.99. The company’s stock had a trading volume of 4,905,268 shares, compared to its average volume of 6,785,063. The company has a debt-to-equity ratio of 0.52, a current ratio of 5.12 and a quick ratio of 5.11. Host Hotels and Resorts has a twelve month low of $15.51 and a twelve month high of $21.94. The company’s fifty day moving average price is $17.41 and its 200 day moving average price is $18.53. The stock has a market capitalization of $11.39 billion, a P/E ratio of 9.03, a PEG ratio of 1.77 and a beta of 1.13.

Host Hotels and 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 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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