Host Hotels & Resorts (NASDAQ:HST) Updates FY 2024 Earnings Guidance

Host Hotels & Resorts (NASDAQ:HST) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 1.920-1.920 for the period, compared to the consensus estimate of 1.950. The company issued revenue guidance of $5.6 billion-$5.6 billion, compared to the consensus revenue estimate of $5.6 billion. Host Hotels & Resorts also updated its FY24 guidance to $1.92-1.94 EPS.

Host Hotels & Resorts Stock Up 0.1 %

Shares of NASDAQ HST traded up $0.01 during mid-day trading on Friday, reaching $18.01. 8,591,568 shares of the company’s stock were exchanged, compared to its average volume of 5,947,194. The firm has a market capitalization of $12.65 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.61 and a beta of 1.32. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The business has a fifty day simple moving average of $17.65 and a 200 day simple moving average of $17.76. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Wall Street Analysts Forecast Growth

HST has been the topic of a number of recent research reports. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $22.00 in a research report on Thursday, October 17th. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price target for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Finally, StockNews.com downgraded Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.29.

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.