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

Host Hotels & Resorts, Inc. (NASDAQ:HST) declared a quarterly dividend on Thursday, June 13th, RTT News reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.20 per share on Monday, July 15th. This represents a $0.80 dividend on an annualized basis and a yield of 4.48%. The ex-dividend date of this dividend is Friday, June 28th.

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 77.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Host Hotels & Resorts to earn $2.03 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 39.4%.

Host Hotels & Resorts Stock Performance

NASDAQ:HST opened at $17.86 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 6.66 and a current ratio of 6.66. The company has a fifty day moving average of $18.36 and a two-hundred day moving average of $19.41. The stock has a market capitalization of $12.59 billion, a PE ratio of 17.51, a P/E/G ratio of 1.58 and a beta of 1.31. Host Hotels & Resorts has a fifty-two week low of $14.92 and a fifty-two week high of $21.31.

Insider Activity at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total value of $72,621.44. Following the sale, the director now owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on HST shares. Barclays dropped their price objective on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Raymond James upped their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, March 15th. UBS Group dropped their price objective on shares of Host Hotels & Resorts from $21.00 to $20.00 and set a “neutral” rating for the company in a report on Friday, April 19th. Truist Financial dropped their price objective on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Finally, Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average target price of $21.36.

About Host Hotels & Resorts

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.