|Bid||0.00 x 3000|
|Ask||17.23 x 4000|
|Day's Range||17.04 - 17.31|
|52 Week Range||15.51 - 20.35|
|Beta (3Y Monthly)||1.13|
|PE Ratio (TTM)||11.11|
|Earnings Date||Feb 17, 2020 - Feb 21, 2020|
|Forward Dividend & Yield||0.80 (4.67%)|
|1y Target Est||18.63|
Host Hotels & Resorts, Inc. (HST), the nation's largest lodging real estate investment trust (the "Company"), received the National Association of Real Estate Investment Trusts' (NAREIT) 2019 Lodging/Resorts Leader in Light award—the highest achievement for all Lodging/Resorts REITs and real estate companies—for the fifth time since 2014. Additionally, the Company released its second annual Corporate Responsibility (CR) Report.
While Host Hotels & Resorts' (HST) Q3 performance reflects improvement in food and beverage revenues, fall in average room rate hampers results.
Host Hotels (HST) delivered FFO and revenue surprises of 2.94% and 0.30%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
BETHESDA, Md., Nov. 05, 2019 -- Host Hotels & Resorts, Inc. (NYSE: HST) (“Host Hotels” or the “Company”), the nation’s largest lodging real estate investment trust.
During the July-September period, REITs are anticipated to have gained from moderate economic growth, low inflation and low interest rates, while rising supply might have curtailed any robust growth.
Host Hotels' (HST) Q3 results likely to reflect positive impact of the company's accretive capital-recycling strategy amid dampening operating fundamentals of the lodging sector.
Apartment Investment and Management Company (AIV), better known as Aimco, witnesses decent growth in same-store property net operating income (NOI) and lower cost of leverage in Q3.
Duke Realty's (DRE) Q3 results highlight overall improved operations and increased investments in new industrial properties, encouraging the company to raise its core FFO per share outlook.
While Iron Mountain's (IRM) Q3 performance reflects healthy storage revenues backed by solid contribution from revenue management, headwinds from lower recycled paper prices remain concerns.
Macerich's (MAC) Q3 results reflect tenant sales growth as well as increase in average rent and releasing spreads, along with lower occupancy.
Digital Realty Trust's (DLR) deal to acquire Interxion will help gain premium assets in preferred markets. Also, with solid demand for data-center facilities, the company put up a decent show in Q3.
While Extra Space Storage (EXR) registers growth in same-store revenues and NOI, same-store square foot occupancy remains flat year over year.
Public Storage's (PSA) Q3 result reflects elevated expenses, though increased realized annual rent per occupied square foot, uptick in occupancy and gains from expansion moves aid its performance.
Host Hotels & Resorts, Inc. (HST) today announced that Host Hotels & Resorts, L.P. ("Host L.P."), for whom the Company acts as sole general partner, successfully redeemed all of its $300 million aggregate principal amount 6% Series Z Senior Notes due 2021 and all of its $350 million aggregate principal amount 5¼% Series B Senior Notes due 2022. The notes were redeemed using the net proceeds from the issuance of $650 million aggregate principal amount of 3⅜% Senior Notes due 2029, which closed on September 26, 2019, along with available cash. The net proceeds of the offering, after deducting the underwriting discount, original issue discount, fees and expenses, were approximately $640 million.
Host Hotels & Resorts, Inc. (HST), the nation's largest lodging real estate investment trust (the "Company"), has been named to the DJSI World—which recognizes global sustainability leaders across all industries—and has joined the top 10% of the 2,500 largest and most sustainable companies in the S&P Global Broad Market Index. In addition, the Company is included in the DJSI North America for the third consecutive year and was named Overall Global Sector Leader by GRESB, achieving the top position in the hotels sector. The Company has also achieved GRESB’s Green Star status for the seventh year in a row—the highest possible designation which recognizes outstanding management and implementation of key sustainability issues.
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Host Hotels & Resorts, Inc. (HST) (the “Company”) will report financial results for the third quarter 2019 on Tuesday, November 5, 2019, after the market close. The Company will hold a conference call and discuss its third quarter 2019 results and its business outlook for the remainder of 2019 on Wednesday, November 6, 2019 at 10:00 a.m. ET. Interested individuals are invited to listen to the call via telephone at (334) 777-6978. 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, November 6, 2019 at 1:00 p.m. ET until Wednesday, November 13, 2019 at 1:00 p.m. ET via telephone at (888) 203-1112, passcode number 2789586, or via webcast on the Company’s website through December 6, 2019.
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Pebblebrook Hotel's (PEB) sale of Rouge Hotel is in line with its strategic disposition program that aims to optimize portfolio reduce leverage levels by repayment of outstanding debt.