Host Hotels & Resorts, Inc. (NYSE:HST) announced a quarterly dividend on Monday, September 18th, RTT News reports. Investors of record on Friday, September 29th will be paid a dividend of 0.20 per share by the real estate investment trust on Monday, October 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.37%.
Host Hotels & Resorts has raised its dividend by an average of 24.0% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Host Hotels & Resorts has a payout ratio of 47.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Host Hotels & Resorts to earn $1.64 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 48.8%.
Shares of Host Hotels & Resorts (HST) opened at 18.31 on Tuesday. The stock has a market capitalization of $13.55 billion, a PE ratio of 22.66 and a beta of 1.33. Host Hotels & Resorts has a 12 month low of $14.69 and a 12 month high of $20.21. The company has a 50-day moving average of $18.07 and a 200-day moving average of $18.25.
Host Hotels & Resorts (NYSE:HST) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.03. The company had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.43 billion. Host Hotels & Resorts had a net margin of 11.09% and a return on equity of 8.47%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. On average, equities research analysts expect that Host Hotels & Resorts will post $0.78 EPS for the current fiscal year.
Several brokerages have weighed in on HST. Royal Bank Of Canada reissued a “hold” rating and set a $20.00 price objective on shares of Host Hotels & Resorts in a report on Wednesday, June 7th. Boenning Scattergood reaffirmed a “hold” rating on shares of Host Hotels & Resorts in a report on Friday, July 28th. BidaskClub lowered shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Zacks Investment Research raised shares of Host Hotels & Resorts from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday, July 4th. Finally, Barclays PLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a report on Friday, July 28th. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $18.33.
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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