Analysts predict that Host Hotels and Resorts Inc (NYSE:HST) will report $256.75 million in sales for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Host Hotels and Resorts’ earnings, with estimates ranging from $151.00 million to $421.03 million. Host Hotels and Resorts reported sales of $1.26 billion in the same quarter last year, which indicates a negative year over year growth rate of 79.6%. The business is scheduled to issue its next earnings results on Tuesday, November 3rd.
On average, analysts expect that Host Hotels and Resorts will report full year sales of $1.79 billion for the current year, with estimates ranging from $1.50 billion to $2.00 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.86 billion, with estimates ranging from $1.96 billion to $3.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Host Hotels and Resorts.
Host Hotels and Resorts (NYSE:HST) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.25). Host Hotels and Resorts had a net margin of 2.48% and a return on equity of 1.30%. The business had revenue of $103.00 million during the quarter, compared to analyst estimates of $102.34 million.
A number of brokerages recently issued reports on HST. Deutsche Bank dropped their target price on shares of Host Hotels and Resorts from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Monday, August 3rd. BTIG Research reduced their target price on shares of Host Hotels and Resorts from $14.50 to $16.00 in a research note on Tuesday, July 7th. SunTrust Banks lowered shares of Host Hotels and Resorts from a “hold” rating to a “sell” rating in a research note on Friday, July 24th. TheStreet lowered shares of Host Hotels and Resorts from a “c” rating to a “d+” rating in a research note on Thursday, July 30th. Finally, Capital One Financial lowered shares of Host Hotels and Resorts from an “overweight” rating to an “equal weight” rating and set a $12.00 price objective on the stock. in a research note on Monday, June 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $13.03.
A number of hedge funds have recently made changes to their positions in HST. WASHINGTON TRUST Co bought a new position in shares of Host Hotels and Resorts during the 2nd quarter worth approximately $28,000. FinTrust Capital Advisors LLC purchased a new stake in Host Hotels and Resorts during the 2nd quarter worth approximately $38,000. NuWave Investment Management LLC acquired a new position in shares of Host Hotels and Resorts during the 2nd quarter worth approximately $45,000. CSat Investment Advisory L.P. boosted its holdings in shares of Host Hotels and Resorts by 64.6% during the 2nd quarter. CSat Investment Advisory L.P. now owns 4,992 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 1,959 shares during the last quarter. Finally, Bamco Inc. NY acquired a new position in shares of Host Hotels and Resorts during the 2nd quarter worth approximately $58,000. Hedge funds and other institutional investors own 96.21% of the company’s stock.
Shares of Host Hotels and Resorts stock opened at $10.64 on Monday. The stock has a market capitalization of $7.50 billion, a P/E ratio of 88.67 and a beta of 1.24. The company has a quick ratio of 23.29, a current ratio of 23.29 and a debt-to-equity ratio of 0.68. The company has a 50-day simple moving average of $11.29 and a 200 day simple moving average of $11.28. Host Hotels and Resorts has a 12-month low of $7.86 and a 12-month high of $18.90.
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.
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