Wall Street brokerages expect that Host Hotels and Resorts Inc (NYSE:HST) will announce $1.37 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for Host Hotels and Resorts’ earnings, with estimates ranging from $1.35 billion to $1.42 billion. Host Hotels and Resorts reported sales of $1.34 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The business is scheduled to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Host Hotels and Resorts will report full year sales of $5.53 billion for the current fiscal year, with estimates ranging from $5.51 billion to $5.58 billion. For the next financial year, analysts forecast that the firm will post sales of $5.52 billion, with estimates ranging from $5.45 billion to $5.62 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Host Hotels and Resorts.
Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.21%. Host Hotels and Resorts’s revenue was up 3.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS.
Several research firms have weighed in on HST. Zacks Investment Research lowered shares of Host Hotels and Resorts from a “buy” rating to a “hold” rating in a report on Monday, August 13th. Wells Fargo & Co set a $22.00 target price on shares of Host Hotels and Resorts and gave the company a “buy” rating in a report on Tuesday, November 13th. Finally, Deutsche Bank set a $23.00 price objective on shares of Host Hotels and Resorts and gave the stock a “buy” rating in a report on Saturday, November 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $21.93.
Several hedge funds have recently modified their holdings of the company. Rehmann Capital Advisory Group lifted its holdings in shares of Host Hotels and Resorts by 588.7% in the 3rd quarter. Rehmann Capital Advisory Group now owns 8,967 shares of the real estate investment trust’s stock worth $189,000 after acquiring an additional 7,665 shares during the last quarter. Marshall Wace North America L.P. increased its stake in Host Hotels and Resorts by 67.0% during the 3rd quarter. Marshall Wace North America L.P. now owns 559,368 shares of the real estate investment trust’s stock worth $11,803,000 after buying an additional 224,408 shares during the period. Marshall Wace LLP purchased a new stake in Host Hotels and Resorts during the 3rd quarter worth approximately $9,274,000. Matthew Goff Investment Advisor LLC purchased a new stake in Host Hotels and Resorts during the 3rd quarter worth approximately $434,000. Finally, Carnegie Capital Asset Management LLC increased its stake in Host Hotels and Resorts by 27.1% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 80,530 shares of the real estate investment trust’s stock worth $1,561,000 after buying an additional 17,154 shares during the period. Hedge funds and other institutional investors own 97.85% of the company’s stock.
NYSE:HST traded down $0.46 on Wednesday, hitting $18.39. The stock had a trading volume of 6,344,341 shares, compared to its average volume of 4,917,561. The company has a debt-to-equity ratio of 0.55, a current ratio of 5.32 and a quick ratio of 5.32. The firm has a market capitalization of $13.99 billion, a price-to-earnings ratio of 10.88, a PEG ratio of 2.15 and a beta of 1.25. Host Hotels and Resorts has a 1-year low of $17.93 and a 1-year high of $22.47.
About Host Hotels and Resorts
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.
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