$0.54 EPS Expected for Host Hotels and Resorts Inc (NYSE:HST) This Quarter

Wall Street brokerages predict that Host Hotels and Resorts Inc (NYSE:HST) will post earnings of $0.54 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Host Hotels and Resorts’ earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.53. Host Hotels and Resorts also posted earnings of $0.54 per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Tuesday, August 6th.

On average, analysts expect that Host Hotels and Resorts will report full-year earnings of $1.82 per share for the current financial year, with EPS estimates ranging from $1.77 to $1.84. For the next financial year, analysts expect that the firm will post earnings of $1.80 per share, with EPS estimates ranging from $1.67 to $1.86. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that cover Host Hotels and Resorts.

Host Hotels and Resorts (NYSE:HST) last posted its earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Host Hotels and Resorts had a return on equity of 13.76% and a net margin of 18.32%. The firm had revenue of $1.39 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis.

HST has been the topic of several recent research reports. Zacks Investment Research upgraded Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Deutsche Bank restated a “buy” rating and issued a $22.00 price target on shares of Host Hotels and Resorts in a research note on Sunday, February 24th. Barclays restated a “buy” rating on shares of Host Hotels and Resorts in a research note on Sunday, May 5th. Wolfe Research downgraded Host Hotels and Resorts from a “market perform” rating to an “underperform” rating and set a $19.16 price target on the stock. in a research note on Tuesday, March 12th. Finally, Morgan Stanley set a $18.00 price target on Host Hotels and Resorts and gave the stock a “sell” rating in a research note on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $20.71.

Shares of HST stock traded up $0.10 during midday trading on Tuesday, reaching $18.58. 4,406,674 shares of the stock were exchanged, compared to its average volume of 6,921,932. The company has a debt-to-equity ratio of 0.51, a quick ratio of 5.11 and a current ratio of 5.11. The company has a market capitalization of $13.59 billion, a price-to-earnings ratio of 10.47, a price-to-earnings-growth ratio of 2.02 and a beta of 1.17. Host Hotels and Resorts has a 1 year low of $15.94 and a 1 year high of $22.06.

In other Host Hotels and Resorts news, VP Nathan S. Tyrrell sold 1,685 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of $19.73, for a total transaction of $33,245.05. Following the sale, the vice president now directly owns 162,713 shares in the company, valued at approximately $3,210,327.49. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Walter C. Rakowich sold 2,895 shares of the stock in a transaction on Friday, May 17th. The shares were sold at an average price of $19.17, for a total value of $55,497.15. Following the sale, the director now owns 44,982 shares in the company, valued at $862,304.94. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc lifted its holdings in shares of Host Hotels and Resorts by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 122,326,213 shares of the real estate investment trust’s stock valued at $2,581,083,000 after buying an additional 1,747,770 shares during the period. BlackRock Inc. raised its holdings in Host Hotels and Resorts by 4.2% in the fourth quarter. BlackRock Inc. now owns 86,424,415 shares of the real estate investment trust’s stock valued at $1,440,696,000 after acquiring an additional 3,486,111 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in Host Hotels and Resorts by 1,610.9% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 18,133,693 shares of the real estate investment trust’s stock valued at $1,088,000 after acquiring an additional 17,073,795 shares in the last quarter. FMR LLC raised its holdings in Host Hotels and Resorts by 3.0% in the first quarter. FMR LLC now owns 17,476,594 shares of the real estate investment trust’s stock valued at $330,307,000 after acquiring an additional 514,020 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its holdings in Host Hotels and Resorts by 32.8% in the first quarter. Goldman Sachs Group Inc. now owns 15,671,917 shares of the real estate investment trust’s stock valued at $296,200,000 after acquiring an additional 3,868,335 shares in the last quarter. 97.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

Read More: Marijuana Stocks

Get a free copy of the Zacks research report on Host Hotels and Resorts (HST)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Host Hotels and Resorts (NYSE:HST)

Receive News & Ratings for Host Hotels and Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels and Resorts and related companies with MarketBeat.com's FREE daily email newsletter.