Capital One Financial research analysts provided their projections for Host Hotels & Resorts’ earnings per share (EPS) for the fiscal year 2022 in a report released on Tuesday, December 20. The stock symbol for Host Hotels & Resorts is HST (NASDAQ: HST). N. Malkin of Capital One Financial has projected that the company will generate $1.80 per share in 2018. This figure can be expected to be distributed to shareholders in 2018. The current earnings forecast for Host Hotels & Resorts is $1.79 per share for the full year. This figure was arrived at by taking the average of all the currently available estimates. In addition, Capital One Financial projected earnings of $0.45 per share for the fourth quarter of 2022 for Host Hotels & Resorts, $0.50 per share for the first quarter of 2023, $0.53 per share for the second quarter of 2023, $0.34 per share for the third quarter of 2023, $0.49 per share for the fourth quarter of 2023, $1.86 per share for the fiscal year 2023, $0.58 per share for the first quarter of 2024, and $0.64 per share for the second quarter of 2024.
The NASDAQ HST market opened for business at $16.05, and trading began. The price for Host Hotels & Resorts has ranged from $15.10 to $21.63 over the past 52 weeks, with $15.10 being the lowest and $21.63 being the highest. The stock currently trades at a price-to-earnings ratio of 14.20, has a beta value of 1.23, and is worth $1.48 billion on the market. The stock has traded at a moving average price of $17.93 over the past 50 trading days, while its price has traded at a moving average price of $17.71 over the past 200 trading days. The ratio of the current ratio to the quick ratio is 8.73; the ratio of the quick ratio to the current ratio is 8.73, and the ratio of the current ratio to the quick ratio is 8.73. The ratio of debt to equity is 0.62.
Other equity analysts have recently published research on the company that they have been working on. An investment research report on Host Hotels & Resorts was released by Morgan Stanley for the first time on December 5, marking the beginning of the firm’s company coverage. The stock was rated “equal weight,” and a price goal of twenty dollars was appropriate. StockNews.com kicked off its coverage of Host Hotels & Resorts with the publication of a research note on October 12, marking the first day of coverage for the company. They recommended that shareholders “hold” their shares of the company. TheStreet raised their previous evaluation of Host Hotels & Resorts from a grade of “c+” to a grade of “b-” in a research note released on October 28. In a research note published on August 29, Wells Fargo & Company raised their price target for Host Hotels & Resorts from $20.00 to $21.00 and upgraded the company from an “equal weight” rating to an “overweight” rating. In a research note distributed on October 25, Deutsche Bank Aktiengesellschaft reduced their “buy” rating and target price for Host Hotels & Resorts from $26.00 to $24.00. The price they had previously projected the stock would reach also reduced. Six financial analysts have recommended to investors that they buy the company’s shares, while only four have suggested that investors keep the shares they already own. The current average rating for Host Hotels & Resorts on Bloomberg.com is “Moderate Buy,” The website has a consensus target price of $22.27 for the company’s stock.
In recent months, various institutional investors, including hedge funds, have either increased or decreased the amount of HST they are holding. Jacobi Capital Management LLC increased the number of Host Hotels & Resorts stock owned by 1.9% during the second quarter of 2018. As a result of the purchase of an additional 563 shares during the relevant period, Jacobi Capital Management LLC now holds 29,485 shares of the company’s stock. Based on the current market price, this number corresponds to $462,000. Crossmark Global Holdings Inc. acquired an additional 1.4% of Host Hotels & Resorts during the first three months of the current year. Crossmark Global Holdings Inc owns a total of 40,041 shares of the company’s stock. This gives the company a market value of $778,000. This was made possible through the purchase of 570 additional shares of stock during the period in question. During the third quarter, the State of Michigan Retirement System increased the amount of Host Hotels & Resorts stock owned by 0.3%, bringing its total ownership to 100%. The State of Michigan Retirement System now holds a total of 193,529 shares of the company’s stock, which has a value of $3,073,000 after purchasing an additional 600 shares during the period in question. This brings the total value of the State of Michigan Retirement System’s stock holdings to $3,073,000. Meeder Asset Management Inc. increased the total number of shares in its Host Hotels & Resorts holdings by 2.8% during the second quarter, bringing the total number of shares it owns to 123. After making an additional purchase of 601 shares during the relevant period, Meeder Asset Management Inc. now has 21,719 shares of the company’s stock in its possession. These shares have a combined market value of $341,000, and Meeder Asset Management Inc. Finally, United Capital Financial Advisers LLC’s total ownership in Host Hotels & Resorts went up by 3.2% during the second quarter. After making an additional purchase of 615 shares during the relevant period, United Capital Financial Advisers LLC now holds 20,085 shares of the company’s stock, which have a combined value of $315,000. During the relevant period, these shares were acquired. Currently, 97.07% of the company’s shares are owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, and it is scheduled to be distributed on January 17 of this year. On December 30, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments of $0.12 per share. The dividend will be withheld from shareholder accounts on Thursday, December 29. This translates into a yield of 2.90% and a dividend payment of $0.48 annually for the foreseeable future. Host Hotels & Resorts currently has a dividend payout ratio of 42.48%.
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