Host Hotels & Resorts, Inc. (NYSE:HST) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.33 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.33, Bloomberg Earnings reports. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter in the prior year, the business posted $0.37 EPS. The business’s revenue was down 3.2% compared to the same quarter last year. Host Hotels & Resorts updated its FY17 guidance to $1.65-1.66 EPS.
The firm also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 29th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date was Thursday, September 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 100.00%.
HST has been the topic of a number of analyst reports. Deutsche Bank AG upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $21.00 in a research note on Thursday, October 12th. Boenning Scattergood upgraded Host Hotels & Resorts from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Thursday, August 24th. Robert W. Baird reiterated a “buy” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research note on Friday, September 8th. SunTrust Banks, Inc. reiterated a “hold” rating on shares of Host Hotels & Resorts in a research note on Tuesday, October 17th. Finally, BidaskClub cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company. Host Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $19.00.
About Host Hotels & 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.
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