17.75 -0.10 (-0.59%)
After hours: 4:26PM EDT
|Bid||17.82 x 800|
|Ask||17.83 x 4000|
|Day's Range||17.49 - 17.86|
|52 Week Range||15.94 - 22.06|
|Beta (3Y Monthly)||1.14|
|PE Ratio (TTM)||12.95|
|Earnings Date||Aug 6, 2019|
|Forward Dividend & Yield||0.80 (4.58%)|
|1y Target Est||20.87|
Jim Risoleo became the CEO of Host Hotels & Resorts, Inc. (NYSE:HST) in 2017. This report will, first, examine the CEO...
Host Hotels & Resorts, Inc. (HST) (the “Company”) will report financial results for the second quarter 2019 on Tuesday, August 6, 2019, after the market close. The Company will hold a conference call and discuss its second quarter 2019 results and its business outlook for the remainder of 2019 on Wednesday, August 7, 2019 at 10:00 a.m. ET. Interested individuals are invited to listen to the call via telephone at (334) 323-0501. It is recommended that participants call 10 minutes ahead of the scheduled start time to ensure proper connection. A simultaneous webcast of the call will be available on the Company’s website at www.hosthotels.com. A replay of the call will be available Wednesday, August 7, 2019 at 1:00 p.m. ET until Wednesday, August 14, 2019 at 1:00 p.m. ET via telephone at (888) 203-1112, passcode number 9819531, or via webcast on the Company’s website through September 6, 2019.
Shares of real estate investment trust are selling off in unanimous fashion, as the better-than-expected June jobs data has fueled in a big jump in Treasury yields. The SPDR Real Estate Select Sector ETF shed 1.0% in midday trading, with all 32 of its equity components losing ground. The REIT ETF (XLRE) tends to act as a bond proxy given its relatively high dividend yield, which means it becomes less attractive to investors when bond prices fall and bond yields rise. The 10-year Treasury yield jumps 10.2 basis points to 2.055% after closing Wednesday at the lowest yield since November 2016. The XLRE's yield is 3.26%, compared with the implied yield for the S&P 500 of 1.93%. Among the XLRE's most-active components, shares of Host Hotels & Resorts Inc. declined 0.8%, Weyerhaeuser Co. lost 1.3%, HCP Inc. dropped 1.5% and Kimco Realty Co. slipped 0.5%. Of the XLRE's highest yielders, shares of Macerich Co. fell 0.4% and yields 9.05%, while Iron Mountain Inc. slid 1.7% and yields 7.78%.
Shares of real estate investment trusts rallied Wednesday, as the drop in the 10-year Treasury note yield to a 2 1/2-year low helped make high dividend yielders more attractive. The SPDR Real Estate Select Sector ETF hiked up 1.3%, to lead all of the S&P 500's 11 sectors higher. Of the REIT ETF's (XLRE) 32 components, 31 traded higher. Among the XLRE's more-active components, shares of Host Hotels & Resorts Inc. rose 1.3%, Weyerhaeuser Co. gained 1.2%, Kimco Realty Corp. tacked on 0.9%, Ventas Inc. added 2.2% and American Tower REIT climbed 2.2%. Of the XLRE's highest yielders, Macerich Co.'s stock yields 9.03% and slipped 0.1% after gaining 2.4% on Tuesday; and Iron Mountain Inc. shares gained 0.9% and yields 7.68%, after surging 2.9% on Tuesday. The XLRE's implied dividend yield is 3.24%, compared with the S&P 500's yield of 1.92%. The yield on the 10-year Treasury note fell 2.4 basis points to 1.952%, on track for the lowest close since November 2016.
The real estate investment trust sector is the best performer of the S&P 500's 11 key sectors in morning trading Tuesday, as a drop in Treasury yields is helping the high-yielding sector attract buyers. The SPDR Real Estate Select Sector ETF surged 1.3% with 31 of 32 components gaining ground. The ETF's (XLRE) dividend yield is currently 3.30%, compared with the implied yield for the S&P 500 of 1.94% and the yield on the 10-year Treasury note, which is down 2.4 basis points in morning trading, of 2.01%. The XLRE's biggest gainer is HCP Inc.'s stock which rallied 2.3%; the REIT, which invests primarily in health care assets, has a dividend yield of 4.58%. The XLRE's highest yielder is Macerich Co.'s stock , which has a yield of 9.09% and is rallying 1.8%. Among other more-active components, shares of Host Hotels & Resorts Inc. rose 0.7% and yields 4.37%, Ventas Inc. gained 0.8% and yields 4.63% and Iron Mountain Inc. tacked on 1.9% and yields 7.80%. The XLRE has rallied 20.0% year to date, while the S&P 500 has advanced 18.3%.
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We at Insider Monkey have gone over 738 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st. In this article, we look at what those funds think of Host Hotels and Resorts Inc (NYSE:HST) based […]
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