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Host Hotels: Q2 Earnings Snapshot

08/03/2021 | 04:48pm EST

BETHESDA, Md. (AP) _ Host Hotels & Resorts Inc. (HST) on Tuesday reported a key measure of profitability in its second quarter, after reporting a loss in the same period a year earlier. The results exceeded Wall Street expectations.

The real estate investment trust, based in Bethesda, Maryland, said it had funds from operations of $85 million, or 12 cents per share, in the period.

The average estimate of nine analysts surveyed by Zacks Investment Research was for funds from operations of 4 cents per share.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had a loss of $60 million, or 9 cents per share.

The lodging real estate investment trust posted revenue of $649 million in the period, also surpassing Street forecasts. Eight analysts surveyed by Zacks expected $606.4 million.

The company's shares have risen roughly 8% since the beginning of the year, while the S&P's 500 index has increased 18%. In the final minutes of trading on Tuesday, shares hit $15.79, a rise of 53% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HST at https://www.zacks.com/ap/HST

Copyright by Automated Insights, Inc. All rights reserved., source Associated Press News

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Analyst Recommendations on HOST HOTELS & RESORTS, INC.
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Financials (USD)
Sales 2021 2 784 M - -
Net income 2021 -366 M - -
Net Debt 2021 4 198 M - -
P/E ratio 2021 -31,4x
Yield 2021 0,02%
Capitalization 11 032 M 11 032 M -
EV / Sales 2021 5,47x
EV / Sales 2022 3,50x
Nbr of Employees 163
Free-Float 98,8%
Duration : Period :
Host Hotels & Resorts, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends HOST HOTELS & RESORTS, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 15,45 $
Average target price 19,18 $
Spread / Average Target 24,2%
EPS Revisions
Managers and Directors
James F. Risoleo President, Chief Executive Officer & Director
Sourav Ghosh Chief Financial Officer, Treasurer & Executive VP
Richard Edwin Marriott Chairman
Sukhvinder Singh Senior Vice President-Information Technology
Nathan S. Tyrrell Chief Investment Officer & Executive VP