Host Hotels & Resorts, Inc. (HST) To Go Ex-Dividend on March 31st

Host Hotels & Resorts, Inc. (NASDAQ:HST) declared a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.20 per share on Tuesday, April 15th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date is Monday, March 31st.

Host Hotels & Resorts has a dividend payout ratio of 95.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 Performance

Shares of HST opened at $14.27 on Friday. The stock has a 50 day moving average of $16.07 and a 200 day moving average of $17.23. The company has a market capitalization of $9.98 billion, a price-to-earnings ratio of 14.41 and a beta of 1.30. Host Hotels & Resorts has a 12 month low of $14.15 and a 12 month high of $20.85. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, sell-side analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Analyst Ratings Changes

HST has been the topic of several research reports. Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th. Raymond James dropped their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th. UBS Group decreased their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and cut their price target for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $19.54.

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.