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

Host Hotels & Resorts, Inc. (NASDAQ:HST) announced a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Investors 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 yield of 5.61%. The ex-dividend date is Monday, March 31st.

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

HST stock opened at $14.27 on Friday. The firm has a 50 day simple moving average of $16.07 and a two-hundred day simple moving average of $17.23. The stock has a market cap of $9.98 billion, a PE ratio of 14.41 and a beta of 1.30. Host Hotels & Resorts has a one year low of $14.15 and a one year high of $20.85. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90.

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, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, analysts predict that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group decreased their target price 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. Truist Financial decreased their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the company from $20.00 to $18.00 in a report on Monday, March 10th. Wells Fargo & Company decreased their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price objective for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $19.54.

About Host Hotels & Resorts

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.