Wedbush Forecasts Lower Earnings for Host Hotels & Resorts

Host Hotels & Resorts, Inc. (NASDAQ:HST) – Equities research analysts at Wedbush decreased their FY2024 earnings per share estimates for shares of Host Hotels & Resorts in a research report issued to clients and investors on Thursday, November 14th. Wedbush analyst R. Anderson now forecasts that the company will earn $1.93 per share for the year, down from their prior estimate of $1.97. The consensus estimate for Host Hotels & Resorts’ current full-year earnings is $1.94 per share. Wedbush also issued estimates for Host Hotels & Resorts’ Q4 2024 earnings at $0.41 EPS and FY2025 earnings at $2.01 EPS.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period in the prior year, the business posted $0.41 EPS. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year.

Other research analysts also recently issued research reports about the stock. Stifel Nicolaus decreased their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Truist Financial decreased their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Evercore ISI dropped their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, UBS Group dropped their price objective on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.21.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $17.41 on Monday. The firm’s 50 day moving average is $17.73 and its 200-day moving average is $17.69. The company has a quick ratio of 4.55, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $12.17 billion, a PE ratio of 16.90, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.60%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 77.67%.

Institutional Trading of Host Hotels & Resorts

Hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. grew its stake in Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after buying an additional 584 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Host Hotels & Resorts by 16.1% during the first quarter. Covestor Ltd now owns 4,460 shares of the company’s stock worth $92,000 after acquiring an additional 618 shares during the period. Freedom Investment Management Inc. grew its position in shares of Host Hotels & Resorts by 3.0% in the third quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock valued at $380,000 after purchasing an additional 625 shares during the last quarter. D Orazio & Associates Inc. lifted its holdings in Host Hotels & Resorts by 6.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock worth $197,000 after purchasing an additional 648 shares during the last quarter. Finally, Verdence Capital Advisors LLC lifted its holdings in Host Hotels & Resorts by 4.9% during the 3rd quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after purchasing an additional 784 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

About Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.