Wedbush Cuts Earnings Estimates for Host Hotels & Resorts

Host Hotels & Resorts, Inc. (NASDAQ:HST) – Stock analysts at Wedbush reduced their FY2024 earnings per share (EPS) estimates for Host Hotels & Resorts in a research report issued 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 previous forecast 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 released 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). The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.41 EPS.

A number of other brokerages have also weighed in on HST. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday. Truist Financial reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. UBS Group lowered their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday. Oppenheimer cut their price target on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Evercore ISI lowered their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.21.

Host Hotels & Resorts Trading Down 1.1 %

Shares of Host Hotels & Resorts stock opened at $17.26 on Monday. The firm’s 50 day moving average is $17.72 and its 200 day moving average is $17.69. The firm has a market capitalization of $12.07 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. Host Hotels & Resorts has a 1 year low of $15.71 and a 1 year high of $21.31. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts Dividend Announcement

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. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.63%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Host Hotels & Resorts by 537.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock valued at $121,318,000 after acquiring an additional 5,811,722 shares during the period. Daiwa Securities Group Inc. increased its stake in Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after purchasing an additional 5,466,629 shares in the last quarter. KBC Group NV raised its holdings in shares of Host Hotels & Resorts by 207.9% during the third quarter. KBC Group NV now owns 2,198,392 shares of the company’s stock valued at $38,692,000 after purchasing an additional 1,484,370 shares during the period. Skandinaviska Enskilda Banken AB publ boosted its position in shares of Host Hotels & Resorts by 20.2% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 7,962,687 shares of the company’s stock worth $143,169,000 after purchasing an additional 1,339,458 shares in the last quarter. Finally, Duff & Phelps Investment Management Co. boosted its position in shares of Host Hotels & Resorts by 92.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock worth $48,652,000 after purchasing an additional 1,331,407 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

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.