Host Hotels tightens FY16 adj. FFO view; cuts revenue growth forecast

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Host Hotels tightens FY16 adj. FFO view; cuts revenue growth forecast

(NYSE:HST) dropped -1.42% and ended at $15.26. Individual interested in registering for the company's earnings conference call can do so using this link. The company reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The New York-based Morgan Stanley has invested 0.21% in Host Hotels and Resorts Inc (NYSE:HST). REIT - Hotel/Motel holds an EPS of 1.04 that demonstrates an EPS growth this year at -23.20%. Year to Date performance value (YTD perf) value is 1.64%. Host Hotels and Resorts Inc was Initiated by Goldman to "Neutral" on Sep 26, 2016. BTIG Research began coverage on shares of Host Hotels & Resorts in a research note on Thursday, August 25th. (HST) on Wednesday reported a key measure of profitability in its third quarter. The average forecast of sales for the year ending Dec 16 is $3.81B by 14 financial experts. Host Hotels & Resorts updated its FY16 guidance to $1.64-1.66 EPS. Stockholders of record on Friday, September 30th were issued a $0.20 dividend. Argus Research maintained the shares of HST in a report on Wednesday, September 30 with "Buy" rating. It has a dividend yield of 5.24%.

Shares of Host Hotels closed lower on Tuesday. The company has a total of 4.33 Billion shares outstanding. On Aug 9, 2016, W Edward Walter (President & CEO) sold 100,000 shares at $17.83 per share price, according to the Form-4 filing with the securities and exchange commission. Park National Corp OH now owns 10,298 shares of the company's stock valued at $167,000 after buying an additional 68 shares during the period. The shares were sold at an average price of $18.22, for a total transaction of $728,800.00. Supplemental Annuity Collective Of Nj accumulated 33,114 shares or 0.27% of the stock. The disclosure for this sale can be found here. The Company's segment is investment in hotel properties. Following the completion of the sale, the chief financial officer now owns 124,929 shares in the company, valued at approximately $2,276,206.38. The firm attains analyst recommendation of 2.70 with week's performance of -3.50%. National Asset Management Inc. acquired a new stake in Host Hotels & Resorts during the second quarter valued at approximately $172,000. Moreover, Aew Mngmt Lp has 2.34% invested in Host Hotels and Resorts Inc (NYSE:HST) for 7.16M shares. Overall, the consensus ratings were for Hold by the pool of analysts. The sales consensus among polled analysts prior to the last earnings announcement was $ 1,465.93M.

A number of analysts have weighed in on the stock. The high end target price has shares touching $19 and the low end target estimate has the stock moving to $13 within the year. Citigroup Inc. lifted their target price on shares of Host Hotels & Resorts from $17.00 to $20.00 and gave the stock a buy rating in a research note on Thursday, August 11th. The Firm owns properties and conducts activities 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). Finally, Evercore ISI lowered Host Hotels & Resorts from a buy rating to a hold rating in a report on Wednesday, July 20th. The stock traded in the last session between $17.81 and $18.49 whereas, it's 52-week High Price is $21.17 with respect to its 52-week Low Price of $15.69.

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