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

Host Hotels and Resorts Inc (NYSE:HST) – Stock analysts at Boenning Scattergood issued their Q1 2019 earnings per share estimates for Host Hotels and Resorts in a research note issued to investors on Tuesday. Boenning Scattergood analyst F. Van. Dijkum expects that the real estate investment trust will post earnings per share of $0.40 for the quarter. Boenning Scattergood currently has a “Buy” rating and a $20.00 target price 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.

Several other analysts have also recently weighed in on HST. Deutsche Bank upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and lifted their price target for the company from $18.00 to $21.00 in a report on Thursday, October 12th. Robert W. Baird reiterated a “buy” rating and issued a $20.00 price target on shares of Host Hotels and Resorts in a report on Thursday, October 12th. Stifel Nicolaus reiterated a “buy” rating and issued a $19.00 price target on shares of Host Hotels and Resorts in a report on Tuesday, October 17th. SunTrust Banks reiterated a “hold” rating on shares of Host Hotels and Resorts in a report on Tuesday, October 17th. Finally, Zacks Investment Research cut shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $20.35.

Host Hotels and Resorts (NYSE:HST) traded down $0.08 during trading hours on Wednesday, reaching $20.57. 8,056,923 shares of the company traded hands, compared to its average volume of 6,809,928. The company has a market capitalization of $15,220.00, a PE ratio of 25.40, a P/E/G ratio of 2.42 and a beta of 1.29. Host Hotels and Resorts has a twelve month low of $17.26 and a twelve month high of $20.82. The company has a current ratio of 3.62, a quick ratio of 3.62 and a debt-to-equity ratio of 0.56.

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

Several hedge funds have recently made changes to their positions in the company. Eqis Capital Management Inc. raised its position in shares of Host Hotels and Resorts by 19.7% in the 3rd quarter. Eqis Capital Management Inc. now owns 17,018 shares of the real estate investment trust’s stock worth $315,000 after purchasing an additional 2,803 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Host Hotels and Resorts by 6.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 6,875,087 shares of the real estate investment trust’s stock worth $127,121,000 after purchasing an additional 445,729 shares during the last quarter. Stevens Capital Management LP purchased a new position in shares of Host Hotels and Resorts in the 2nd quarter worth about $9,243,000. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Host Hotels and Resorts by 77.6% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 97,977 shares of the real estate investment trust’s stock worth $1,819,000 after purchasing an additional 42,800 shares during the last quarter. Finally, WINTON GROUP Ltd raised its position in shares of Host Hotels and Resorts by 23.4% in the 3rd quarter. WINTON GROUP Ltd now owns 36,521 shares of the real estate investment trust’s stock worth $675,000 after purchasing an additional 6,915 shares during the last quarter.

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

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

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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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