Host Hotels & Resorts, Inc. Expected to Post Q3 2017 Earnings of $0.32 Per Share (HST)

Host Hotels & Resorts, Inc. (NYSE:HST) – Stock analysts at SunTrust Banks reduced their Q3 2017 earnings per share estimates for Host Hotels & Resorts in a report issued on Tuesday. SunTrust Banks analyst P. Scholes now expects that the real estate investment trust will earn $0.32 per share for the quarter, down from their previous estimate of $0.33. SunTrust Banks has a “Hold” rating on the stock. SunTrust Banks also issued estimates for Host Hotels & Resorts’ Q4 2017 earnings at $0.39 EPS, Q1 2018 earnings at $0.36 EPS and FY2018 earnings at $1.52 EPS.

Host Hotels & Resorts (NYSE:HST) last posted its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. The company had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.49 earnings per share.

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Several other equities research analysts have also weighed in on HST. Stifel Nicolaus restated a “buy” rating and issued a $19.00 target price on shares of Host Hotels & Resorts in a report on Tuesday. BidaskClub lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research lowered Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Robert W. Baird restated a “buy” rating and issued a $20.00 target price on shares of Host Hotels & Resorts in a report on Thursday, October 12th. Finally, Boenning Scattergood restated a “hold” rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $18.77.

Shares of Host Hotels & Resorts (NYSE:HST) opened at 19.34 on Wednesday. The stock’s 50 day moving average is $18.32 and its 200-day moving average is $18.30. The stock has a market cap of $14.31 billion, a price-to-earnings ratio of 23.94 and a beta of 1.33. Host Hotels & Resorts has a 1-year low of $14.69 and a 1-year high of $20.21.

The company also recently announced a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.20 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.14%. Host Hotels & Resorts’s payout ratio is 100.00%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Harbour Capital Advisors LLC raised its stake in shares of Host Hotels & Resorts by 1,727.0% in the second quarter. Harbour Capital Advisors LLC now owns 3,727 shares of the real estate investment trust’s stock valued at $204,000 after purchasing an additional 3,523 shares in the last quarter. Mckinley Capital Management LLC Delaware acquired a new position in shares of Host Hotels & Resorts in the second quarter valued at $100,000. Global X Management Co. LLC raised its stake in shares of Host Hotels & Resorts by 34.7% in the first quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 2,556 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Host Hotels & Resorts in the second quarter valued at $190,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in shares of Host Hotels & Resorts in the second quarter valued at $196,000.

About Host Hotels & 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 & Resorts (NYSE:HST)

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