Host Hotels and Resorts Inc (NYSE:HST) – Investment analysts at SunTrust Banks upped their FY2018 EPS estimates for Host Hotels and Resorts in a research report issued on Monday, November 5th. SunTrust Banks analyst P. Scholes now forecasts that the real estate investment trust will post earnings of $1.75 per share for the year, up from their prior estimate of $1.74. SunTrust Banks also issued estimates for Host Hotels and Resorts’ Q4 2018 earnings at $0.41 EPS, Q2 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.43 EPS and FY2019 earnings at $1.71 EPS.
Host Hotels and Resorts (NYSE:HST) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.08. Host Hotels and Resorts had a return on equity of 12.21% and a net margin of 15.91%. The business had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the previous year, the business earned $0.33 earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year.
Shares of NYSE:HST opened at $18.50 on Wednesday. Host Hotels and Resorts has a 1 year low of $17.93 and a 1 year high of $22.47. The company has a market cap of $13.85 billion, a price-to-earnings ratio of 10.95, a price-to-earnings-growth ratio of 2.14 and a beta of 1.24. The company has a quick ratio of 3.33, a current ratio of 5.32 and a debt-to-equity ratio of 0.55.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Host Hotels and Resorts by 2.8% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 2,971,242 shares of the real estate investment trust’s stock valued at $62,693,000 after purchasing an additional 79,837 shares during the period. LSV Asset Management boosted its holdings in shares of Host Hotels and Resorts by 6.6% in the third quarter. LSV Asset Management now owns 6,447,638 shares of the real estate investment trust’s stock valued at $136,045,000 after purchasing an additional 399,732 shares during the period. Cadence Bank NA boosted its holdings in shares of Host Hotels and Resorts by 60.1% in the third quarter. Cadence Bank NA now owns 15,382 shares of the real estate investment trust’s stock valued at $325,000 after purchasing an additional 5,772 shares during the period. SRS Capital Advisors Inc. purchased a new stake in shares of Host Hotels and Resorts in the third quarter valued at approximately $246,000. Finally, Unigestion Holding SA purchased a new stake in Host Hotels and Resorts during the third quarter worth $338,000. Hedge funds and other institutional investors own 99.36% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Friday, September 28th were issued a $0.20 dividend. The ex-dividend date was Thursday, September 27th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.32%. Host Hotels and Resorts’s payout ratio is 47.34%.
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 89 properties in the United States and six properties internationally totaling approximately 52,500 rooms.
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