Host Hotels and Resorts Inc (NYSE:HST) announced a quarterly dividend on Friday, June 14th, RTT News reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.20 per share by the real estate investment trust on Monday, July 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend is Thursday, June 27th.
Host Hotels and Resorts has a dividend payout ratio of 45.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Host Hotels and Resorts to earn $1.80 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 44.4%.
Shares of Host Hotels and Resorts stock traded down $0.05 during mid-day trading on Friday, hitting $18.41. 3,275,405 shares of the stock were exchanged, compared to its average volume of 6,097,994. Host Hotels and Resorts has a 12 month low of $15.94 and a 12 month high of $22.06. The firm’s 50-day moving average is $18.49. The company has a quick ratio of 5.11, a current ratio of 5.11 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $13.64 billion, a P/E ratio of 10.40, a P/E/G ratio of 2.03 and a beta of 1.13.
Host Hotels and Resorts (NYSE:HST) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. Host Hotels and Resorts had a net margin of 18.32% and a return on equity of 13.76%. The company had revenue of $1.39 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $0.43 EPS. Host Hotels and Resorts’s revenue was up 3.3% on a year-over-year basis. On average, research analysts predict that Host Hotels and Resorts will post 1.81 EPS for the current fiscal year.
In other news, VP Nathan S. Tyrrell sold 1,685 shares of the company’s stock in a transaction dated Monday, May 6th. The shares were sold at an average price of $19.73, for a total transaction of $33,245.05. Following the completion of the transaction, the vice president now directly owns 162,713 shares of the company’s stock, valued at $3,210,327.49. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Walter C. Rakowich sold 2,895 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $19.17, for a total transaction of $55,497.15. Following the transaction, the director now directly owns 44,982 shares of the company’s stock, valued at $862,304.94. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.
A number of research analysts recently weighed in on the stock. BTIG Research reduced their price objective on shares of Host Hotels and Resorts from $24.00 to $20.50 and set a “buy” rating for the company in a research note on Thursday, June 27th. They noted that the move was a valuation call. Capital One Financial assumed coverage on shares of Host Hotels and Resorts in a research note on Tuesday, June 25th. They issued an “overweight” rating and a $23.00 price objective for the company. Morgan Stanley set a $18.00 price objective on shares of Host Hotels and Resorts and gave the company a “sell” rating in a research note on Friday, May 3rd. Barclays restated a “buy” rating on shares of Host Hotels and Resorts in a research report on Sunday, May 5th. Finally, Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.92.
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.
Recommended Story: Does a trade war provide a risk to the global economy?
Receive News & Ratings for Host Hotels and Resorts Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Host Hotels and Resorts and related companies with MarketBeat.com’s FREE daily email newsletter.