Host Hotels and Resorts Inc (NYSE:HST) announced a quarterly dividend on Wednesday, February 21st, RTT News reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.20 per share by the real estate investment trust on Monday, April 16th. This represents a $0.80 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Wednesday, March 28th.
Host Hotels and Resorts has increased its dividend by an average of 8.9% per year over the last three years. Host Hotels and Resorts has a payout ratio of 48.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Host Hotels and Resorts to earn $1.69 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 47.3%.
Shares of Host Hotels and Resorts (NYSE HST) opened at $18.40 on Friday. Host Hotels and Resorts has a 1-year low of $17.26 and a 1-year high of $21.53. The firm has a market capitalization of $13,764.58, a PE ratio of 11.16, a price-to-earnings-growth ratio of 2.25 and a beta of 1.31. The company has a quick ratio of 3.51, a current ratio of 3.51 and a debt-to-equity ratio of 0.56.
Host Hotels and Resorts (NYSE:HST) last released its quarterly earnings results on Wednesday, February 21st. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.27. Host Hotels and Resorts had a return on equity of 7.97% and a net margin of 10.47%. The firm had revenue of $1.34 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the firm posted $0.17 EPS. The company’s revenue was up .5% compared to the same quarter last year. equities research analysts forecast that Host Hotels and Resorts will post 1.67 earnings per share for the current year.
HST has been the topic of several recent analyst reports. Cantor Fitzgerald set a $21.00 price target on Host Hotels and Resorts and gave the company a “buy” rating in a report on Friday, February 23rd. Boenning Scattergood reaffirmed a “buy” rating on shares of Host Hotels and Resorts in a report on Friday, February 23rd. Deutsche Bank set a $23.00 price target on Host Hotels and Resorts and gave the company a “buy” rating in a report on Friday, February 9th. BTIG Research raised Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Monday, December 4th. Finally, Robert W. Baird set a $21.00 price target on Host Hotels and Resorts and gave the company a “buy” rating in a report on Friday, December 1st. Eight research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $20.71.
About Host Hotels and Resorts
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.
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.