Host Hotels and Resorts Inc (NYSE:HST) announced a quarterly dividend on Thursday, December 14th, RTT News reports. Investors of record on Friday, December 29th will be given a dividend of 0.20 per share by the real estate investment trust on Monday, January 15th. This represents a $0.80 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Thursday, December 28th.
Host Hotels and Resorts has raised its dividend payment by an average of 8.9% annually over the last three years and has raised its dividend every year for the last 7 years. Host Hotels and Resorts has a payout ratio of 48.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Host Hotels and Resorts to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 48.8%.
Shares of Host Hotels and Resorts (HST) opened at $20.65 on Thursday. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.56. Host Hotels and Resorts has a 1-year low of $17.26 and a 1-year high of $20.82. The company has a market cap of $15,260.00, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.42 and a beta of 1.29.
Host Hotels and Resorts (NYSE:HST) last released its earnings results on Wednesday, November 1st. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ 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 firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the business earned $0.37 earnings per share. The business’s revenue was down 3.2% on a year-over-year basis. equities analysts anticipate that Host Hotels and Resorts will post 1.66 EPS for the current fiscal year.
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 completion of the sale, the executive vice president now owns 168,905 shares of the company’s stock, valued at approximately $3,454,107.25. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.70% of the company’s stock.
Several equities research analysts recently weighed in on the stock. Deutsche Bank raised shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and raised their price target for the company from $18.00 to $21.00 in a research report on Thursday, October 12th. Cantor Fitzgerald reissued a “buy” rating and set a $21.00 price target on shares of Host Hotels and Resorts in a research report on Monday, November 6th. BTIG Research raised shares of Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target for the company in a research report on Monday, December 4th. Zacks Investment Research raised shares of Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Wells Fargo & Co raised shares of Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 target price for the company in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $20.35.
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Host Hotels and Resorts Company Profile
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.
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