Host Hotels and Resorts Inc Expected to Earn FY2019 Earnings of $1.75 Per Share (NYSE:HST)

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Host Hotels and Resorts Inc (NYSE:HST) – Analysts at SunTrust Banks lowered their FY2019 earnings per share (EPS) estimates for shares of Host Hotels and Resorts in a note issued to investors on Monday, November 11th. SunTrust Banks analyst P. Scholes now expects that the real estate investment trust will post earnings of $1.75 per share for the year, down from their prior estimate of $1.76.

Several other equities analysts have also commented on the company. Deutsche Bank lowered their target price on Host Hotels and Resorts from $21.00 to $20.00 and set a “buy” rating for the company in a report on Thursday, October 24th. BTIG Research lowered Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. BMO Capital Markets initiated coverage on Host Hotels and Resorts in a research report on Wednesday, October 16th. They set an “outperform” rating and a $19.00 price objective for the company. Barclays set a $21.00 price objective on Host Hotels and Resorts and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. reduced their price objective on Host Hotels and Resorts from $17.00 to $15.00 and set an “underweight” rating for the company in a research report on Friday, September 6th. Four investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the stock. Host Hotels and Resorts presently has a consensus rating of “Hold” and an average target price of $19.65.

NYSE:HST opened at $16.85 on Wednesday. The firm has a market capitalization of $12.31 billion, a PE ratio of 9.52, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. The stock has a 50 day moving average of $16.78 and a 200-day moving average of $17.56. Host Hotels and Resorts has a 52 week low of $15.51 and a 52 week high of $20.34. 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 firm also recently disclosed 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. The ex-dividend date was Friday, September 27th. This represents a $0.80 annualized dividend and a dividend yield of 4.75%. Host Hotels and Resorts’s dividend payout ratio is presently 45.20%.

Several hedge funds and other institutional investors have recently modified their holdings of HST. Rational Advisors LLC lifted its position in shares of Host Hotels and Resorts by 67.2% during the 3rd quarter. Rational Advisors LLC now owns 2,940 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 1,182 shares during the last quarter. Focused Wealth Management Inc acquired a new stake in shares of Host Hotels and Resorts during the 3rd quarter valued at $144,000. Altavista Wealth Management Inc. lifted its position in shares of Host Hotels and Resorts by 8.5% during the 3rd quarter. Altavista Wealth Management Inc. now owns 13,790 shares of the real estate investment trust’s stock valued at $238,000 after acquiring an additional 1,080 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Host Hotels and Resorts by 167.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 19,921 shares of the real estate investment trust’s stock valued at $344,000 after acquiring an additional 12,480 shares during the last quarter. Finally, Green Street Investors LLC lifted its position in shares of Host Hotels and Resorts by 6.8% during the 3rd quarter. Green Street Investors LLC now owns 478,300 shares of the real estate investment trust’s stock valued at $8,270,000 after acquiring an additional 30,600 shares during the last quarter. 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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