What is Zacks Research’s Forecast for HST FY2024 Earnings?

Host Hotels & Resorts, Inc. (NASDAQ:HST) – Stock analysts at Zacks Research reduced their FY2024 EPS estimates for Host Hotels & Resorts in a research note issued to investors on Wednesday, November 27th. Zacks Research analyst R. Department now anticipates that the company will post earnings of $1.93 per share 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.

Several other equities research analysts have also issued reports on the stock. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Oppenheimer dropped their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, UBS Group lowered their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.32.

Host Hotels & Resorts Stock Performance

HST opened at $18.52 on Monday. The stock’s 50 day simple moving average is $17.81 and its 200-day simple moving average is $17.66. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock has a market cap of $12.95 billion, a PE ratio of 17.98 and a beta of 1.32. Host Hotels & Resorts has a 1 year low of $15.71 and a 1 year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the company posted $0.41 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. State Street Corp grew its position in shares of Host Hotels & Resorts by 1.9% during the 3rd quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after buying an additional 950,431 shares during the period. Geode Capital Management LLC boosted its position in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock worth $331,698,000 after purchasing an additional 180,904 shares during the last quarter. Daiwa Securities Group Inc. increased its holdings in Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after purchasing an additional 5,466,629 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after buying an additional 181,103 shares during the period. Finally, LSV Asset Management grew its position in shares of Host Hotels & Resorts by 11.7% during the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after buying an additional 965,100 shares during the period. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

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.