Host Hotels and Resorts Inc (HST) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Host Hotels and Resorts Inc (NYSE:HST) announced its quarterly earnings results on Wednesday. The company reported $0.39 EPS for the quarter, topping analysts' consensus estimates of $0.35 by $0.04, Analyst Ratings.Net reports. The business earned $1.33 million during the quarter, compared to analysts' expectations of $1.33 million. The business's revenue was up 1.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.40 EPS. Host Hotels and Resorts updated its FY16 guidance to $1.65-1.69 EPS.
In related news, Chairman Richard E. Marriott sold 32,000 shares of the company's stock in a transaction on Friday, December 18th. The stock was sold at an average price of $15.28, for a total transaction of $488,960.00. Following the completion of the sale, the chairman now directly owns 1,838 shares in the company, valued at approximately $28,084.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Host Hotels and Resorts (NYSE:HST) opened at 15.32 on Friday. Host Hotels and Resorts has a 52 week low of $12.17 and a 52 week high of $21.96. The company has a market capitalization of $11.51 billion and a P/E ratio of 17.77. The company's 50 day moving average price is $14.08 and its 200-day moving average price is $16.38.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 15th. Investors of record on Thursday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.22%.
HST has been the subject of several recent research reports. SunTrust lowered their price objective on Host Hotels and Resorts from $21.00 to $19.00 and set a "neutral" rating for the company in a research report on Monday, November 2nd. Deutsche Bank reissued a "hold" rating and set a $20.00 price objective on shares of Host Hotels and Resorts in a research report on Sunday, November 1st. RBC Capital lowered their price objective on Host Hotels and Resorts from $22.00 to $21.00 and set an "outperform" rating for the company in a research report on Wednesday, November 11th. Canaccord Genuity reissued a "hold" rating and set a $20.00 price objective on shares of Host Hotels and Resorts in a research report on Thursday, October 29th. Finally, Nomura lowered their price objective on Host Hotels and Resorts from $23.00 to $21.00 and set a "buy" rating for the company in a research report on Monday, October 26th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and ten have assigned a buy rating to the company's stock. Host Hotels and Resorts presently has a consensus rating of "Hold" and a consensus price target of $19.12.
Host Hotels & Resorts, Inc (NYSE:HST) operates as a self-managed and self-administered real estate investment trust (REIT). Host Inc owns properties and conducts operations through Host Hotels & Resorts, L.P. (Host L.P.) of which Host Inc is the sole general partner and in which it holds approximately 99% of the partnership interests (OP units) as of December 31, 2014.
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Source: Host Hotels and Resorts Inc (HST) Issues Quarterly Earnings Results, Beats Expectations By $0.04 EPS
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