Host Hotels & ResortsNASDAQ: HST

Host Hotels (HST) is poised to benefit from the improvement in the group business and a gradual recovery in business transient, though macroeconomic uncertainty and elevated interest rates remain concerns.

BETHESDA, Md., June 13, 2024 (GLOBE NEWSWIRE) -- Host Hotels & Resorts, Inc. (NASDAQ: HST) (the “Company”), the nation's largest lodging real estate investment trust, today announced that its board of directors authorized a regular quarterly cash dividend of $0.20 per share. The dividend is payable on July 15, 2024, to stockholders of record as of June 28, 2024.

Host Hotels (HST) is set to acquire Turtle Bay Resort for $680 million to further expand and diversify its strong presence in Hawaii.

Host intends to flag the hotel with The Ritz-Carlton brand at closing Host intends to flag the hotel with The Ritz-Carlton brand at closing

Host Hotels reported stronger than anticipated Q1 results due to increased revenues from improvements in group and contract business. The company has also raised its projected 2024 AFFO per share.

Host Hotels' (HST) first quarter results exceeded expectations due to increased revenues, mainly from higher room and food and beverage revenues.

While the revenue and EPS of Host Hotels (HST) provide insight into its performance in the first quarter of March 2024, it is important to also evaluate how certain important metrics stack up against Wall Street predictions and the previous year's figures.

Host Hotels is expected to see improved Q1 earnings due to the ongoing recovery in group and business travel, but there are worries about high interest costs.

Look beyond the analysts' estimates for Host Hotels (HST) and examine projections for key metrics to better understand the potential performance of the business in the first quarter of 2024.