Host Hotels & Resorts Inc. (HST), a prominent operator of luxury hotels, exhibited mixed performance recently, underperforming compared to the market on certain days and outperforming on others. In an effort to bolster growth, the firm priced $700 million of 5.500% senior notes due 2035. Analyst sentiment towards the company remains moderately bullish, despite updated expectations for FY2024 earnings per share (EPS) being slightly decreased by Wedbush due to certain corporate challenges. However, the company's strategic acquisitions, including the Turtle Bay Resort in Hawaii and the 1 Hotel Central Park, reveal a focus on enhancing its property portfolio. The company beat Q2 AFFO estimates but lowered its 2024 outlook amid varying market conditions. Recently, J.P. Morgan downgraded HST due to high prices. HST's 2024 Corporate Responsibility Report and Investor Presentation update highlight their ongoing commitment to transparency and stakeholder engagement. Among institutional activity, several entities increased or decreased their positions in HST. Concerning Q2 2024 earnings, the company reported EPS of $0.34, surpassing some revenue forecasts. Finally, HST also launches 2030 ESG Goals, underlining its commitment to sustainability.
Host Hotels Resorts HST News Analytics from Thu, 30 Nov 2023 08:00:00 GMT to Sat, 10 Aug 2024 16:05:31 GMT - Rating 2 - Innovation -6 - Information 6 - Rumor -4
