Wedbush Cuts Earnings Estimates for Host Hotels & Resorts

Host Hotels & Resorts, Inc. (NASDAQ:HST) – Analysts at Wedbush cut their FY2024 earnings estimates for Host Hotels & Resorts in a research report issued to clients and investors on Thursday, November 14th. Wedbush analyst R. Anderson now expects that the company will earn $1.93 per share for the year, down from their previous estimate of $1.97. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.94 per share. Wedbush also issued estimates for Host Hotels & Resorts’ Q4 2024 earnings at $0.41 EPS and FY2025 earnings at $2.01 EPS.

HST has been the subject of a number of other reports. Wells Fargo & Company lowered their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, September 13th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday. Robert W. Baird dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Finally, UBS Group cut their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.21.

Host Hotels & Resorts Stock Down 1.1 %

HST stock opened at $17.26 on Monday. The firm has a market capitalization of $12.07 billion, a PE ratio of 16.76, a P/E/G ratio of 1.55 and a beta of 1.32. The company has a quick ratio of 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The stock’s 50 day moving average is $17.72 and its 200-day moving average is $17.69.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.41 EPS.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HST. BROOKFIELD Corp ON bought a new position in shares of Host Hotels & Resorts in the first quarter worth $25,000. Blue Trust Inc. grew its holdings in Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in shares of Host Hotels & Resorts during the second quarter valued at about $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after buying an additional 867 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Host Hotels & Resorts in the second quarter worth about $51,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. Host Hotels & Resorts’s payout ratio is 77.67%.

Host Hotels & Resorts Company Profile

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.