|Bid||11.04 x 1200|
|Ask||11.99 x 1400|
|Day's Range||11.52 - 11.94|
|52 Week Range||7.86 - 18.90|
|Beta (5Y Monthly)||1.27|
|PE Ratio (TTM)||91.38|
|Earnings Date||Nov 03, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 30, 2020|
|1y Target Est||11.97|
The rating downgrade reflects the magnitude of Host's revenue and cash flow erosion which Moody's expects will be sustained for several years coupled with the REIT's business focus on the upper luxury hotel segment with relatively high exposures to group and business transient that will take longer to rebound than the mid-scale/economy and leisure segment. Today's action reflects the impact on Host of the deterioration in credit quality it has triggered, given its exposure to the lodging real estate sector, which has left it vulnerable to shifts in market demand and sentiment in these unprecedented operating conditions.
In addition, on today's call, we will discuss certain non-GAAP financial information such as FFO, adjusted EBITDAre, cash burn and hotel results. You can find this information together with reconciliation to the most directly comparable GAAP information in today's earnings press release, in our 8-K filed with the SEC and in the supplemental financial information on our website at hosthotels.com. Participating in today's call with me will be Jim Risoleo, president and chief executive officer; Brian MacNamara, principal financial officer and controller; and Sourav Ghosh, executive vice president, strategy and analytics.
Host Hotels' (HST) Q2 results reflect a decline in hotel RevPAR and room revenues across all three businesses.