Brokerages Anticipate Host Hotels and Resorts Inc (HST) Will Post Quarterly Sales of $1.43 Billion

Analysts forecast that Host Hotels and Resorts Inc (NYSE:HST) will announce $1.43 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have issued estimates for Host Hotels and Resorts’ earnings, with the lowest sales estimate coming in at $1.4 billion and the highest estimate coming in at $1.47 billion. Host Hotels and Resorts posted sales of $1.46 billion during the same quarter last year, which would indicate a negative year over year growth rate of 2.1%. The business is scheduled to issue its next quarterly earnings report on Friday, August 4th.

According to Zacks, analysts expect that Host Hotels and Resorts will report full year sales of $1.43 billion for the current fiscal year, with estimates ranging from $5.38 billion to $5.52 billion. For the next year, analysts forecast that the company will post sales of $5.45 billion per share, with estimates ranging from $5.38 billion to $5.6 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings data on Friday, April 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.05. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Host Hotels and Resorts had a net margin of 14.72% and a return on equity of 11.22%. The company’s revenue for the quarter was up .7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.41 earnings per share.

Several brokerages recently commented on HST. Boenning Scattergood reissued a “neutral” rating on shares of Host Hotels and Resorts in a report on Wednesday, April 12th. Goldman Sachs Group Inc raised shares of Host Hotels and Resorts from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $16.00 to $17.00 in a report on Monday, April 10th. JMP Securities reaffirmed a “market perform” rating on shares of Host Hotels and Resorts in a report on Friday, April 7th. Evercore ISI lowered shares of Host Hotels and Resorts from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $20.00 target price on shares of Host Hotels and Resorts in a report on Friday, February 24th. Two investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $18.02.

In related news, CFO Gregory J. Larson sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $18.40, for a total transaction of $423,200.00. Following the sale, the chief financial officer now directly owns 157,163 shares in the company, valued at $2,891,799.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Minaz Abji sold 110,085 shares of the company’s stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $18.43, for a total transaction of $2,028,866.55. Following the sale, the executive vice president now owns 231,873 shares in the company, valued at $4,273,419.39. The disclosure for this sale can be found here. Insiders have sold 221,164 shares of company stock worth $4,051,776 over the last 90 days. Insiders own 1.90% of the company’s stock.

A number of institutional investors have recently made changes to their positions in HST. Acadian Asset Management LLC raised its position in shares of Host Hotels and Resorts by 46.6% in the third quarter. Acadian Asset Management LLC now owns 23,956 shares of the real estate investment trust’s stock valued at $373,000 after buying an additional 7,617 shares in the last quarter. Conning Inc. raised its position in shares of Host Hotels and Resorts by 0.3% in the third quarter. Conning Inc. now owns 21,348 shares of the real estate investment trust’s stock valued at $332,000 after buying an additional 60 shares in the last quarter. Commonwealth Equity Services Inc raised its position in shares of Host Hotels and Resorts by 7.4% in the third quarter. Commonwealth Equity Services Inc now owns 180,493 shares of the real estate investment trust’s stock valued at $2,810,000 after buying an additional 12,481 shares in the last quarter. Baker Ellis Asset Management LLC raised its position in shares of Host Hotels and Resorts by 104.3% in the third quarter. Baker Ellis Asset Management LLC now owns 67,165 shares of the real estate investment trust’s stock valued at $1,046,000 after buying an additional 34,290 shares in the last quarter. Finally, Shell Asset Management Co. raised its position in shares of Host Hotels and Resorts by 2.8% in the third quarter. Shell Asset Management Co. now owns 130,122 shares of the real estate investment trust’s stock valued at $2,026,000 after buying an additional 3,535 shares in the last quarter.

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Shares of Host Hotels and Resorts (NYSE:HST) opened at 17.755 on Friday. Host Hotels and Resorts has a 52 week low of $14.30 and a 52 week high of $20.21. The stock has a market capitalization of $13.13 billion, a PE ratio of 17.934 and a beta of 1.30. The stock has a 50 day moving average of $18.42 and a 200-day moving average of $17.96.

The company also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Friday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date was Wednesday, March 29th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.49%. Host Hotels and Resorts’s payout ratio is 74.77%.

Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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