Host Hotels and Resorts Inc (HST) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.41 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.03. Analysts had a consensus of $0.38. The company posted revenue of $1339.00 million in the period, compared to analysts expectations of $1350.14 million. The company’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.
Many Wall Street Analysts have commented on Host Hotels and Resorts Inc. Stifel Resumed Host Hotels and Resorts Inc on Mar 29, 2016 to “Buy”, Price Target of the shares are set at $19.Shares were Reiterated by Argus on Mar 16, 2016 to “Buy” and Lowered the Price Target to $ 19 from a previous price target of $21 .Shares were Reiterated by Barclays on Feb 22, 2016 to “Equal Weight” and Lowered the Price Target to $ 17 from a previous price target of $19 .
Host Hotels and Resorts Inc opened for trading at $15.47 and hit $15.975 on the upside on Wednesday, eventually ending the session at $15.94, with a gain of 2.77% or 0.43 points. The heightened volatility saw the trading volume jump to 1,18,96,321 shares. Company has a market cap of $11,991 M.
In a different news, on Mar 15, 2016, Brian G Macnamara (SVP, Controller) sold 5,000 shares at $16.86 per share price. According to the SEC, on Feb 10, 2016, Minaz Abji (EVP, Asset Management) sold 49,000 shares at $17.65 per share price. On Dec 21, 2015, Richard E Marriott (Chairman of the Board) sold 32,000 shares at $15.28 per share price, according to the Form-4 filing with the securities and exchange commission.
Host Hotels & Resorts Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT). Host Inc. owns properties and conducts operations through Host Hotels & Resorts L.P. (Host L.P.) of which Host Inc. is the sole general partner and in which it holds approximately 99% of the partnership interests (OP units) as of December 31 2014. As of February 20 2015 the Companys lodging portfolio consists of 114 luxury and upper-upscale hotels containing approximately 59000 rooms with the majority located in the United States and with 17 of the properties located outside of the United States in Australia Brazil Canada Chile Mexico and New Zealand. In addition the Company owns non-controlling interests in two international joint ventures.