Zacks Research Comments on Host Hotels & Resorts, Inc.’s FY2023 Earnings (NASDAQ:HST)

Posted by Defense World Staff on Jun 24th, 2023

Host Hotels & Resorts, Inc. (NASDAQ:HST – Get Rating) – Equities researchers at Zacks Research raised their FY2023 earnings per share (EPS) estimates for shares of Host Hotels & Resorts in a research report issued on Thursday, June 22nd. Zacks Research analyst N. Dass now expects that the company will post earnings of $1.88 per share for the year, up from their prior forecast of $1.87. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.91 per share. Zacks Research also issued estimates for Host Hotels & Resorts’ Q3 2024 earnings at $0.38 EPS, Q1 2025 earnings at $0.48 EPS and FY2025 earnings at $1.93 EPS.

A number of other analysts also recently weighed in on the company. Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $19.50 in a research report on Thursday, May 4th. Morgan Stanley boosted their target price on Host Hotels & Resorts from $18.00 to $19.00 in a research report on Friday, May 12th. Citigroup dropped their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Friday, March 3rd. StockNews.com initiated coverage on Host Hotels & Resorts in a research report on Thursday, May 18th. They issued a “hold” rating for the company. Finally, Truist Financial boosted their price objective on Host Hotels & Resorts from $20.00 to $21.00 in a research report on Thursday, June 1st. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.86.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $16.24 on Friday. The business has a 50 day moving average of $17.10 and a 200 day moving average of $16.46. The company has a market capitalization of $11.55 billion, a price-to-earnings ratio of 14.50 and a beta of 1.29. Host Hotels & Resorts has a 1-year low of $14.51 and a 1-year high of $19.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 5.44 and a quick ratio of 5.44.

Host Hotels & Resorts Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, June 29th. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.12. This represents a $0.60 annualized dividend and a dividend yield of 3.69%. Host Hotels & Resorts’s payout ratio is 42.86%.

Insider Activity

In other news, Director Walter C. Rakowich sold 3,688 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $17.47, for a total transaction of $64,429.36. Following the transaction, the director now directly owns 58,616 shares of the company’s stock, valued at $1,024,021.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.14% of the company’s stock.

Institutional Investors Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HST. US Bancorp DE grew its stake in Host Hotels & Resorts by 2.5% in the first quarter. US Bancorp DE now owns 44,045 shares of the company’s stock worth $856,000 after purchasing an additional 1,066 shares during the period. HighTower Advisors LLC purchased a new stake in Host Hotels & Resorts in the first quarter worth $215,000. Cetera Advisor Networks LLC grew its stake in Host Hotels & Resorts by 7.6% in the first quarter. Cetera Advisor Networks LLC now owns 14,652 shares of the company’s stock worth $285,000 after purchasing an additional 1,034 shares during the period. Acadian Asset Management LLC purchased a new stake in Host Hotels & Resorts in the first quarter worth $624,000. Finally, Panagora Asset Management Inc. grew its stake in Host Hotels & Resorts by 82.0% in the first quarter. Panagora Asset Management Inc. now owns 85,212 shares of the company’s stock worth $1,656,000 after purchasing an additional 38,385 shares during the period. 97.92% of the stock is owned by hedge funds and other institutional investors.

About Host Hotels & Resorts

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Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.