Host Hotels & Resorts, Inc. (NASDAQ:HST) Declares Quarterly Dividend of $0.20

Host Hotels & Resorts, Inc. (NASDAQ:HST) announced a quarterly dividend on Thursday, September 12th, Zacks reports. Shareholders of record on Monday, September 30th will be paid a dividend of 0.20 per share on Tuesday, October 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.59%. The ex-dividend date is Monday, September 30th.

Host Hotels & Resorts has increased its dividend payment by an average of 48.1% annually over the last three years. Host Hotels & Resorts has a payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Host Hotels & Resorts to earn $1.97 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 40.6%.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $17.42 on Friday. The firm has a market capitalization of $12.24 billion, a P/E ratio of 17.08, a PEG ratio of 1.51 and a beta of 1.32. The company has a debt-to-equity ratio of 0.64, a current ratio of 4.55 and a quick ratio of 4.55. Host Hotels & Resorts has a one year low of $14.92 and a one year high of $21.31. The business has a fifty day moving average of $17.18 and a 200 day moving average of $18.47.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on HST shares. Stifel Nicolaus decreased their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Barclays lowered their price objective on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Wedbush reaffirmed an “outperform” rating and set a $22.00 price target on shares of Host Hotels & Resorts in a report on Thursday, May 30th. Finally, Oppenheimer dropped their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.06.

Host Hotels & Resorts Company Profile

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.