Boenning Scattergood Comments on Host Hotels and Resorts Inc’s Q1 2019 Earnings (HST)

Host Hotels and Resorts Inc (NYSE:HST) – Analysts at Boenning Scattergood issued their Q1 2019 earnings per share (EPS) estimates for shares of Host Hotels and Resorts in a note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings of $0.40 per share for the quarter. Boenning Scattergood has a “Buy” rating and a $20.00 price objective on the stock. Boenning Scattergood also issued estimates for Host Hotels and Resorts’ Q2 2019 earnings at $0.49 EPS, Q3 2019 earnings at $0.35 EPS, Q4 2019 earnings at $0.41 EPS and FY2019 earnings at $1.64 EPS.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.27 billion. Host Hotels and Resorts had a return on equity of 8.44% and a net margin of 11.11%. The business’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.37 earnings per share.

A number of other analysts have also issued reports on HST. Deutsche Bank raised Host Hotels and Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $21.00 in a research note on Thursday, October 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $20.00 price target on shares of Host Hotels and Resorts in a research note on Thursday, October 12th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.00 price target on shares of Host Hotels and Resorts in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a “hold” rating on shares of Host Hotels and Resorts in a research note on Tuesday, October 17th. Finally, Zacks Investment Research lowered Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $20.35.

Shares of Host Hotels and Resorts (HST) traded down $0.08 during trading hours on Wednesday, hitting $20.57. The stock had a trading volume of 8,056,923 shares, compared to its average volume of 6,809,928. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.62 and a quick ratio of 3.62. The firm has a market capitalization of $15,220.00, a price-to-earnings ratio of 25.40, a PEG ratio of 2.42 and a beta of 1.29. Host Hotels and Resorts has a 12-month low of $17.26 and a 12-month high of $20.82.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.89%. The ex-dividend date is Thursday, December 28th. Host Hotels and Resorts’s dividend payout ratio (DPR) is currently 98.77%.

In other Host Hotels and Resorts news, EVP Elizabeth A. Abdoo sold 60,000 shares of the business’s stock in a transaction on Monday, December 18th. The stock was sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the transaction, the executive vice president now owns 168,905 shares of the company’s stock, valued at $3,454,107.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.70% of the company’s stock.

Large investors have recently bought and sold shares of the business. Eqis Capital Management Inc. raised its position in Host Hotels and Resorts by 19.7% in the third quarter. Eqis Capital Management Inc. now owns 17,018 shares of the real estate investment trust’s stock valued at $315,000 after purchasing an additional 2,803 shares during the period. Schwab Charles Investment Management Inc. raised its position in Host Hotels and Resorts by 6.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 6,875,087 shares of the real estate investment trust’s stock valued at $127,121,000 after purchasing an additional 445,729 shares during the period. Stevens Capital Management LP purchased a new stake in Host Hotels and Resorts in the second quarter valued at $9,243,000. Caisse DE Depot ET Placement DU Quebec raised its position in Host Hotels and Resorts by 77.6% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 97,977 shares of the real estate investment trust’s stock valued at $1,819,000 after purchasing an additional 42,800 shares during the period. Finally, WINTON GROUP Ltd raised its position in Host Hotels and Resorts by 23.4% in the third quarter. WINTON GROUP Ltd now owns 36,521 shares of the real estate investment trust’s stock valued at $675,000 after purchasing an additional 6,915 shares during the period.

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About Host Hotels and Resorts

Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.

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

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