$1.28 Billion in Sales Expected for Host Hotels & Resorts, Inc. (HST) This Quarter

Wall Street analysts expect Host Hotels & Resorts, Inc. (NYSE:HST) to announce sales of $1.28 billion for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Host Hotels & Resorts’ earnings. The lowest sales estimate is $1.24 billion and the highest is $1.39 billion. Host Hotels & Resorts posted sales of $1.30 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 1.5%. The business is scheduled to report its next earnings report on Wednesday, November 1st.

According to Zacks, analysts expect that Host Hotels & Resorts will report full year sales of $1.28 billion for the current financial year, with estimates ranging from $5.38 billion to $5.55 billion. For the next year, analysts forecast that the company will report sales of $5.44 billion per share, with estimates ranging from $5.33 billion to $5.58 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Host Hotels & Resorts.

Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the company posted $0.49 earnings per share. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year.

Several brokerages recently weighed in on HST. Royal Bank Of Canada restated a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Wednesday, June 7th. Boenning Scattergood restated a “hold” rating on shares of Host Hotels & Resorts in a research report on Friday, July 28th. BidaskClub downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Tuesday, July 4th. Finally, Barclays PLC restated a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a research report on Friday, July 28th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $18.33.

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In other news, EVP Joanne G. Hamilton sold 3,069 shares of the stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $19.01, for a total value of $58,341.69. Following the completion of the sale, the executive vice president now owns 43,035 shares of the company’s stock, valued at $818,095.35. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.70% of the company’s stock.

Several hedge funds have recently modified their holdings of HST. Shell Asset Management Co. increased its stake in shares of Host Hotels & Resorts by 0.9% in the first quarter. Shell Asset Management Co. now owns 47,976 shares of the real estate investment trust’s stock valued at $895,000 after buying an additional 419 shares during the period. Wells Fargo & Company MN increased its stake in shares of Host Hotels & Resorts by 3.3% in the first quarter. Wells Fargo & Company MN now owns 1,337,819 shares of the real estate investment trust’s stock valued at $24,965,000 after buying an additional 43,105 shares during the period. Commerzbank Aktiengesellschaft FI acquired a new stake in shares of Host Hotels & Resorts in the first quarter valued at about $364,000. DekaBank Deutsche Girozentrale increased its stake in shares of Host Hotels & Resorts by 105.0% in the first quarter. DekaBank Deutsche Girozentrale now owns 58,301 shares of the real estate investment trust’s stock valued at $1,130,000 after buying an additional 29,861 shares during the period. Finally, Comerica Bank increased its stake in shares of Host Hotels & Resorts by 1.8% in the first quarter. Comerica Bank now owns 273,303 shares of the real estate investment trust’s stock valued at $5,258,000 after buying an additional 4,703 shares during the period.

Shares of Host Hotels & Resorts (NYSE HST) traded down 0.95% during mid-day trading on Monday, hitting $18.26. The stock had a trading volume of 5,328,772 shares. Host Hotels & Resorts has a 1-year low of $14.69 and a 1-year high of $20.21. The company has a market capitalization of $13.52 billion, a P/E ratio of 22.61 and a beta of 1.33. The stock’s 50-day moving average price is $18.08 and its 200 day moving average price is $18.24.

Host Hotels & Resorts Company Profile

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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Earnings History and Estimates for Host Hotels & Resorts (NYSE:HST)

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