Host Hotels and Resorts Inc (NYSE:HST) – Research analysts at Capital One Financial decreased their Q3 2019 earnings estimates for shares of Host Hotels and Resorts in a research report issued on Wednesday, August 14th, according to Zacks Investment Research. Capital One Financial analyst N. Malkin now anticipates that the real estate investment trust will post earnings of $0.37 per share for the quarter, down from their previous forecast of $0.40. Capital One Financial has a “Overweight” rating and a $23.00 price objective on the stock. Capital One Financial also issued estimates for Host Hotels and Resorts’ Q4 2019 earnings at $0.39 EPS, FY2019 earnings at $1.78 EPS, Q1 2020 earnings at $0.42 EPS, Q2 2020 earnings at $0.55 EPS, Q3 2020 earnings at $0.38 EPS, Q4 2020 earnings at $0.41 EPS, FY2020 earnings at $1.76 EPS, Q1 2021 earnings at $0.43 EPS, Q2 2021 earnings at $0.56 EPS and FY2021 earnings at $1.78 EPS.
Several other research firms have also commented on HST. Stifel Nicolaus set a $20.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a report on Wednesday, August 7th. BTIG Research lowered Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a report on Thursday, August 15th. ValuEngine lowered Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Barclays set a $21.00 target price on Host Hotels and Resorts and gave the company a “buy” rating in a report on Monday, August 12th. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $23.00 target price on shares of Host Hotels and Resorts in a report on Thursday, August 8th. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Host Hotels and Resorts currently has a consensus rating of “Hold” and an average target price of $20.72.
NYSE HST traded up $0.06 on Monday, hitting $16.04. 5,939,877 shares of the stock traded hands, compared to its average volume of 7,856,454. The stock has a 50-day moving average of $16.75 and a 200 day moving average of $18.37. Host Hotels and Resorts has a twelve month low of $15.51 and a twelve month high of $21.94. The company has a market capitalization of $11.66 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 1.81 and a beta of 1.13. The company has a current ratio of 5.12, a quick ratio of 5.12 and a debt-to-equity ratio of 0.52.
Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). Host Hotels and Resorts had a net margin of 19.83% and a return on equity of 14.65%. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company earned $0.28 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year.
Hedge funds have recently modified their holdings of the stock. Manchester Financial Inc. bought a new position in Host Hotels and Resorts in the 2nd quarter worth approximately $27,000. FinTrust Capital Advisors LLC bought a new position in Host Hotels and Resorts in the 2nd quarter worth approximately $34,000. Doyle Wealth Management bought a new position in Host Hotels and Resorts in the 2nd quarter worth approximately $37,000. CSat Investment Advisory L.P. grew its holdings in Host Hotels and Resorts by 119.4% in the 2nd quarter. CSat Investment Advisory L.P. now owns 2,297 shares of the real estate investment trust’s stock worth $42,000 after buying an additional 1,250 shares in the last quarter. Finally, First Quadrant L P CA grew its holdings in Host Hotels and Resorts by 828.6% in the 2nd quarter. First Quadrant L P CA now owns 2,563 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 2,287 shares in the last quarter. 99.64% of the stock is owned by institutional investors and hedge funds.
Host Hotels and 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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.