Host Hotels & Resorts, Inc. (NASDAQ:HST) Declares $0.20 Quarterly Dividend

Host Hotels & Resorts, Inc. (NASDAQ:HST) declared a quarterly dividend on Wednesday, December 11th,RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.20 per share on Wednesday, January 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.23%.

Host Hotels & Resorts has increased its dividend by an average of 48.1% annually over the last three years. Host Hotels & Resorts has a payout ratio of 87.0% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Host Hotels & Resorts to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 41.0%.

Host Hotels & Resorts Price Performance

Shares of HST stock traded down $0.14 on Wednesday, hitting $18.93. 6,230,524 shares of the stock traded hands, compared to its average volume of 6,831,792. 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 52 week low of $15.71 and a 52 week high of $21.31. The firm has a 50 day simple moving average of $17.90 and a two-hundred day simple moving average of $17.68. The firm has a market cap of $13.23 billion, a price-to-earnings ratio of 18.51 and a beta of 1.32.

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 the consensus estimate of $0.36 by ($0.24). 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 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.41 earnings per share. As a group, equities research analysts predict that Host Hotels & Resorts will post 1.94 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on HST shares. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. UBS Group lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Evercore ISI reduced their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Truist Financial lowered their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus price target of $21.39.

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.