Host Hotels & Resorts (NASDAQ:HST) Issues FY 2024 Earnings Guidance

Host Hotels & Resorts (NASDAQ:HST) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.920-1.920 for the period, compared to the consensus EPS estimate of 1.950. The company issued revenue guidance of $5.6 billion-$5.6 billion, compared to the consensus revenue estimate of $5.6 billion. Host Hotels & Resorts also updated its FY24 guidance to $1.92-1.94 EPS.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HST. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Evercore ISI reduced 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. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Truist Financial reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. Two 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 stock. According to data from MarketBeat.com, Host Hotels & Resorts has a consensus rating of “Moderate Buy” and an average target price of $21.29.

Host Hotels & Resorts Price Performance

HST traded up $0.01 on Friday, reaching $18.01. The company had a trading volume of 8,591,568 shares, compared to its average volume of 5,947,194. Host Hotels & Resorts has a 52-week low of $15.71 and a 52-week high of $21.31. The company has a market cap of $12.65 billion, a price-to-earnings ratio of 17.49, a P/E/G ratio of 1.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The business has a 50 day simple moving average of $17.65 and a 200 day simple moving average of $17.76.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors 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 dividend yield of 4.44%. Host Hotels & Resorts’s dividend payout ratio is 77.67%.

Host Hotels & Resorts Company Profile

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.