Host Hotels & Resorts, Inc. (HST) to Issue Quarterly Dividend of $0.20 on April 15th

Host Hotels & Resorts, Inc. (NASDAQ:HST) declared a quarterly dividend on Thursday, February 20th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.20 per share on Tuesday, April 15th. This represents a $0.80 annualized dividend and a dividend yield of 4.90%. The ex-dividend date is Monday, March 31st.

Host Hotels & Resorts has a payout ratio of 89.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Host Hotels & Resorts to earn $1.94 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 41.2%.

Host Hotels & Resorts Stock Down 2.5 %

HST stock opened at $16.34 on Friday. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $17.18 and its 200 day moving average is $17.47. The stock has a market cap of $11.42 billion, a price-to-earnings ratio of 16.51 and a beta of 1.30. Host Hotels & Resorts has a 1-year low of $15.71 and a 1-year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Sell-side analysts predict that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on HST shares. Stifel Nicolaus reduced their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Wells Fargo & Company reduced their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. UBS Group reduced their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Finally, Raymond James reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Hold” and an average price target of $20.54.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.