Last $23.12 USD
Change Today +0.19 / 0.83%
Volume 8.8M
As of 6:40 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

host hotels & resorts inc (HST) Snapshot

Open
$22.94
Previous Close
$22.93
Day High
$23.24
Day Low
$22.87
52 Week High
10/31/14 - $23.51
52 Week Low
12/4/13 - $17.84
Market Cap
17.5B
Average Volume 10 Days
5.4M
EPS TTM
$0.69
Shares Outstanding
757.3M
EX-Date
09/26/14
P/E TM
33.3x
Dividend
$0.80
Dividend Yield
2.68%
Current Stock Chart for HOST HOTELS & RESORTS INC (HST)

host hotels & resorts inc (HST) Details

Host Hotels & Resorts, Inc. is a publicly owned real estate investment trust (REIT). The firm primarily engages in the ownership and operation of hotel properties. It invests in the real estate markets of United States. It also invests in Canada, Mexico, Chile, the United Kingdom, Italy, Spain, and Poland. The firm primarily invests in luxury and upper upscale hotels. It was formerly known as Host Marriott Corporation. Host Hotels & Resorts, Inc. was founded in 1927 and is based in Bethesda, Maryland.

242 Employees
Last Reported Date: 02/26/14
Founded in 1927

host hotels & resorts inc (HST) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $849.8K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $435.5K
Executive Vice President of Asset Management
Total Annual Compensation: $489.3K
Executive Vice President, General Counsel and...
Total Annual Compensation: $437.8K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $429.0K
Compensation as of Fiscal Year 2013.

host hotels & resorts inc (HST) Key Developments

Host Hotels & Resorts, Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year Ending December 31, 2014; Provides Special Dividend Guidance for the Fourth Quarter of 2014; Announces Non-Cash Impairment Loss for the Third Quarter Ended September 30, 2014; Provides Non-Cash Impairment Loss of Guidance for the Year 2014

Host Hotels & Resorts, Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $1,294 million compared to $1,211 million a year ago. Operating profit was $202 million compared to $79 million a year ago. Income before income taxes was $151 million compared to $13 million a year ago. Income from continuing operations was $145 million or $0.19 per basic and diluted share compared to $2 million or $0.01 per basic and diluted share a year ago. Net income attributable to the company was $144 million or $0.19 per basic and diluted common share compared to $19 million or $0.03 per basic and diluted common share a year ago. Adjusted EBITDA was $331 million compared to $270 million a year ago. NAREIT FFO was $321 million compared to $185 million a year ago. Adjusted FFO was $263 million compared to $188 million a year ago. Diluted NAREIT FFO was $328 million compared to $192 million a year ago. Diluted Adjusted FFO was $270 million compared to $195 million a year ago. NAREIT FFO per diluted share was $0.42 compared to $0.25 a year ago. Adjusted FFO per diluted share was $0.34 compared to $0.25 a year ago. In conjunction with the acquisition of a property, the company prepares capital and operational improvement plans designed to maximize profitability and to enhance the guest experience. The company invested approximately $5 million on these projects during the third quarter of 2014. The company invested approximately $28 million on ROI capital expenditures For the nine months, the company reported total revenues of $4,034 million compared to $3,835 million a year ago. Operating profit was $561 million compared to $374 million a year ago. Income before income taxes was $506 million compared to $173 million a year ago. Income from continuing operations was $489 million or $0.63 per basic and diluted share compared to $152 million or $0.20 per basic and diluted share a year ago. Net income attributable to the company was $478 million or $0.63 per basic and diluted common share compared to $194 million or $0.26 per basic and diluted common share a year ago. Adjusted EBITDA was $1,050 million compared to $984 million a year ago. NAREIT FFO was $900 million compared to $700 million a year ago. Adjusted FFO was $848 million compared to $738 million a year ago. Diluted NAREIT FFO was $920 million compared to $719 million a year ago. Diluted Adjusted FFO was $868 million compared to $757 million a year ago. NAREIT FFO per diluted share was $1.17 compared to $0.93 a year ago. Adjusted FFO per diluted share was $1.10 compared to $0.98 a year ago. The company invested approximately $12 million as capital expenditures on projects during the fist nine months of 2014. The company invested approximately $57 million year-to-date on ROI capital expenditures. For the full year ending December 31, 2013, the company expects net income in the range from $712 million to $722 million, EBITDA in the range from $1,643 million to $1,653 million, adjusted EBITDA in the range from $1,400 million to $1,410 million, net income attributable to the company in the range from $698 million to $708 million, NAREIT FFO in the range from $1,185 million to $1,195 million, adjusted FFO in the range from $1,133 million to $1,143 million, diluted NAREIT FFO in the range from $1,212 million to $1,222 million, diluted Adjusted FFO in the range from $1,160 million to $1,170 million, NAREIT FFO per diluted share in the range from $1.54 to $1.55 and adjusted FFO per diluted share in the range from $1.47 to $1.49. The company expects operating profit margin under GAAP in the range from 13.3% compared to 13.4%, operating profit in the range from $712 million to $722 million, depreciation and amortization in the range from $699 million to $699 million. The company expects earnings per diluted share should range from approximately $0.92 to $0.93. The company expects that acquisition capital expenditures will total $20 million to $25 million for 2014. For the full year, The company would expect to spend $85 million to $100 million on redevelopment ROI and acquisition capex. The company also expects to invest approximately $330 million to $345 million on renewal and replacement capex, including several large projects, such as the meeting space renovations at the Manchester Grand Hyatt San Diego, and the Grand Hyatt D.C. and room renovations at the JW Marriott D.C., JW Marriott Houston, New Orleans Marriott and San Antonio Riverwalk Marriott. The company expects that comparable hotel RevPAR for the full year will increase 6% to 6.25% and comparable hotel adjusted operating margin growth will be 120 to 135 basis points. These assumptions resulted in an EBITDA -- adjusted EBITDA range of approximately $1,000,400,000 to $1,000,410,000, which represents an increase of $12.5 million at the midpoint. The company expects interest expense of $216 million, depreciation and amortization of $693 million and pro rata Adjusted EBITDA of equity investments of $70 million The company announced that it expects to declare a special dividend of approximately $0.05 in the fourth quarter. The dividend is subject to approval by the company's board of directors. For the third quarter ended September 30, 2014, the company reported non-cash impairment loss of $6 million. For the full year 2014, the company reported non-cash impairment loss of $6 million.

Host Hotels & Resorts, Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014 12:00 PM

Host Hotels & Resorts, Inc. Presents at REITWorld 2014 - NAREIT's Annual Convention, Nov-05-2014 12:00 PM. Venue: Atlanta Marriott Marquis, Atlanta, Georgia, United States. Speakers: W. Edward Walter, Chief Executive Officer, President and Director.

Host Hotels & Resorts, Inc. Announces Win in Texas Supreme Court

Host Hotels & Resorts, Inc. announced that on October 3, 2014 the company's litigation related to the San Antonio Marriott Rivercenter hotel ended in favor of the company as the Texas Supreme Court denied the motion for rehearing from Keystone-Texas Holding Corp. On June 13, 2014, the Texas Supreme Court had overruled a lower court's $57.3 million verdict against the company for allegedly interfering with an effort to sell a San Antonio shopping mall and adjacent land underlying the San Antonio Marriott Rivercenter hotel. Now that the decision by the Texas Supreme Court is final, the company will reverse the $69 million loss contingency previously recorded under GAAP. In addition, a court-ordered bond will be released and the Company will recoup its previously funded $25 million escrow.

 

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