FY2024 EPS Estimates for Host Hotels & Resorts, Inc. Increased by Zacks Research (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HST) – Investment analysts at Zacks Research boosted their FY2024 EPS estimates for Host Hotels & Resorts in a research note issued to investors on Wednesday, May 22nd. Zacks Research analyst R. Department now anticipates that the company will earn $1.99 per share for the year, up from their prior estimate of $1.94. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $2.00 per share. Zacks Research also issued estimates for Host Hotels & Resorts’ Q4 2024 earnings at $0.47 EPS, Q1 2025 earnings at $0.53 EPS, Q4 2025 earnings at $0.49 EPS and Q1 2026 earnings at $0.52 EPS.

Several other research firms have also recently commented on HST. Wells Fargo & Company raised their price target on Host Hotels & Resorts from $22.00 to $23.00 and gave the company an “overweight” rating in a report on Thursday, March 21st. Truist Financial lifted their price objective on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research report on Thursday, March 14th. Barclays boosted their price target on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research report on Friday, March 15th. Raymond James raised their target price on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Finally, UBS Group dropped their price target on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating on the stock in a research note on Friday, April 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to MarketBeat, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $21.29.

Host Hotels & Resorts Stock Up 0.8 %

Shares of Host Hotels & Resorts stock opened at $18.30 on Thursday. The company has a market capitalization of $12.90 billion, a P/E ratio of 17.94, a P/E/G ratio of 1.61 and a beta of 1.32. The company has a 50 day moving average of $19.42 and a 200 day moving average of $19.27. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. Host Hotels & Resorts has a 52-week low of $14.92 and a 52-week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, February 21st. The company reported $0.19 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 13.35% and a return on equity of 10.59%. Host Hotels & Resorts’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.44 EPS.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of HST. Czech National Bank increased its stake in shares of Host Hotels & Resorts by 0.5% in the first quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after purchasing an additional 569 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Host Hotels & Resorts by 3.8% during the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock valued at $326,000 after purchasing an additional 579 shares during the last quarter. Cornercap Investment Counsel Inc. lifted its position in shares of Host Hotels & Resorts by 0.7% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock worth $1,613,000 after purchasing an additional 610 shares during the last quarter. Eagle Strategies LLC increased its position in shares of Host Hotels & Resorts by 2.9% during the fourth quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock worth $420,000 after acquiring an additional 617 shares during the period. Finally, Covestor Ltd raised its position in Host Hotels & Resorts by 16.1% during the 1st quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after purchasing an additional 618 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

Insider Activity at Host Hotels & Resorts

In other news, Director Walter C. Rakowich sold 3,896 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the sale, the director now directly owns 64,457 shares in the company, valued at $1,201,478.48. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director Walter C. Rakowich sold 3,896 shares of the stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $18.64, for a total transaction of $72,621.44. Following the transaction, the director now directly owns 64,457 shares in the company, valued at approximately $1,201,478.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James F. Risoleo sold 28,136 shares of Host Hotels & Resorts stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the transaction, the chief executive officer now owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Thursday, March 28th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $0.80 annualized dividend and a yield of 4.37%. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.18. Host Hotels & Resorts’s dividend payout ratio is presently 78.43%.

About Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.