Host Hotels and Resorts Inc (NYSE:HST) to Post FY2019 Earnings of $1.69 Per Share, Capital One Financial Forecasts

Host Hotels and Resorts Inc (NYSE:HST) – Equities research analysts at Capital One Financial cut their FY2019 earnings estimates for Host Hotels and Resorts in a note issued to investors on Sunday, November 10th. Capital One Financial analyst N. Malkin now anticipates that the real estate investment trust will post earnings of $1.69 per share for the year, down from their prior forecast of $1.78. Capital One Financial also issued estimates for Host Hotels and Resorts’ Q2 2020 earnings at $0.51 EPS, FY2020 earnings at $1.72 EPS, Q2 2021 earnings at $0.52 EPS and FY2021 earnings at $1.75 EPS.

Several other equities research analysts have also recently commented on the company. BMO Capital Markets started coverage on Host Hotels and Resorts in a research note on Wednesday, October 16th. They set an “outperform” rating and a $19.00 target price for the company. Barclays set a $21.00 target price on Host Hotels and Resorts and gave the stock a “buy” rating in a research note on Monday, August 12th. BTIG Research cut Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a research note on Thursday, August 15th. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a report on Wednesday, August 7th. Finally, Deutsche Bank dropped their target price on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating on the stock in a report on Thursday, October 24th. Four research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $19.85.

Shares of HST stock opened at $17.04 on Tuesday. The stock has a 50-day moving average of $16.80 and a 200-day moving average of $17.58. Host Hotels and Resorts has a 1-year low of $15.51 and a 1-year high of $20.34. The stock has a market cap of $12.31 billion, a price-to-earnings ratio of 9.63, a PEG ratio of 1.95 and a beta of 1.11. The company has a current ratio of 7.70, a quick ratio of 7.70 and a debt-to-equity ratio of 0.59.

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend was Friday, September 27th. Host Hotels and Resorts’s dividend payout ratio (DPR) is currently 45.20%.

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A number of institutional investors and hedge funds have recently modified their holdings of the business. Nuveen Asset Management LLC lifted its holdings in shares of Host Hotels and Resorts by 175.2% during the 2nd quarter. Nuveen Asset Management LLC now owns 11,697,899 shares of the real estate investment trust’s stock valued at $213,137,000 after buying an additional 7,446,548 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of Host Hotels and Resorts by 3,267.9% during the 2nd quarter. Daiwa Securities Group Inc. now owns 5,406,381 shares of the real estate investment trust’s stock valued at $98,505,000 after buying an additional 5,245,854 shares during the period. Cohen & Steers Inc. lifted its holdings in shares of Host Hotels and Resorts by 187.4% during the 2nd quarter. Cohen & Steers Inc. now owns 7,991,480 shares of the real estate investment trust’s stock valued at $145,605,000 after buying an additional 5,210,573 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Host Hotels and Resorts by 60.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 10,245,777 shares of the real estate investment trust’s stock valued at $184,526,000 after buying an additional 3,850,979 shares during the period. Finally, Schroder Investment Management Group lifted its holdings in shares of Host Hotels and Resorts by 1,546.8% during the 2nd quarter. Schroder Investment Management Group now owns 3,230,106 shares of the real estate investment trust’s stock valued at $58,852,000 after buying an additional 3,033,957 shares during the period. Institutional investors and hedge funds own 97.02% of the company’s stock.

About Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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Earnings History and Estimates for Host Hotels and Resorts (NYSE:HST)

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