Host Hotels & Resorts, Inc. Plans Quarterly Dividend of $0.20 (NASDAQ:HST)

Host Hotels & Resorts, Inc. (NASDAQ:HST) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of 0.20 per share on Thursday, October 15th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Wednesday, September 30th.

Host Hotels & Resorts has increased its dividend by an average of 0.4%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Host Hotels & Resorts has a payout ratio of 98.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Host Hotels & Resorts to earn $2.19 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 36.5%.

Host Hotels & Resorts Stock Down 1.0%

NASDAQ:HST opened at $22.13 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 2.96 and a current ratio of 2.96. The firm has a market cap of $15.16 billion, a P/E ratio of 14.75, a P/E/G ratio of 2.52 and a beta of 1.07. Host Hotels & Resorts has a fifty-two week low of $15.61 and a fifty-two week high of $25.71. The firm has a 50-day simple moving average of $23.26 and a two-hundred day simple moving average of $22.18.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, August 5th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The firm had revenue of $1.64 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The business’s revenue was up 3.4% on a year-over-year basis. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. Analysts predict that Host Hotels & Resorts will post 2.18 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HST. Argus set a $27.00 price objective on Host Hotels & Resorts in a research report on Wednesday, June 17th. Stifel Nicolaus set a $26.25 target price on Host Hotels & Resorts in a report on Thursday, June 4th. Weiss Ratings upgraded Host Hotels & Resorts from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, August 14th. Cantor Fitzgerald upped their price target on Host Hotels & Resorts from $23.00 to $24.00 and gave the company a “neutral” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price objective on Host Hotels & Resorts from $22.00 to $25.00 and gave the company a “neutral” rating in a research report on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts has an average rating of “Moderate Buy” and an average target price of $24.52.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates lodging real estate. The company focuses on hotels in the luxury and upper-upscale segments, with properties generally located in high-demand urban, resort and convention markets.

Host Hotels & Resorts’ portfolio includes hotels operated under well-known hospitality brands, including Marriott, Hyatt and Hilton, among others. The company typically owns the real estate while hotel operations are conducted by third-party or affiliated management companies.