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July 1, 2014
08:03 EDTHSTHost Hotels amended and extended $1B revolver scheduled to mature 2015
SHY Host Hotels & Resorts announced that it has amended and extended its existing $1B revolver scheduled to mature in 2015 and its $500M term loan scheduled to mature in 2017. The amended facility will extend the final maturity for both the revolver and term loan to 2019 and reduce pricing to reflect current market conditions. At the new pricing level based on our present credit rating, the all-in pricing was reduced 30 basis points on the revolver and 32.5 basis points on the term loan. Therefore, U.S. dollar denominated borrowings today would result in an initial all-in rate of 1.35% and 1.28%, respectively. At this time, approximately $220M is outstanding under the revolver and $500M under the term loan. The facility was arranged by Merrill Lynch, Pierce, Fenner & Smith Incorporated, J.P. Morgan Securities and Wells Fargo Securities as joint lead arrangers and joint book runners.
News For HST From The Last 14 Days
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July 31, 2015
10:02 EDTHSTOn The Fly: Analyst Downgrade Summary
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06:31 EDTHSTHost Hotels downgraded to Neutral at Credit Suisse
As previously reported, Credit Suisse downgraded Host Hotels to Neutral and lowered its price target to $22 from $23. The firm said shares lack a near-term catalyst to move the stock higher and will likely feel the drag from renovations, softer New York City results, and international overhang.
July 30, 2015
21:12 EDTHSTHost Hotels downgraded to Neutral from Outperform at Credit Suisse
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07:56 EDTHSTHost Hotels reports Q2 comparable RevPAR up 4.8%
Comparable RevPAR on a constant dollar basis improved 4.8% for the quarter, driven by a 4.5% increase in average room rate and slight increase in occupancy. Comparable RevPAR at the company’s domestic properties improved 5.3% for the quarter and 4.7% year-to-date. On a constant dollar basis, RevPAR at the Company’s international properties decreased 5.9% for the second quarter and 1.3% year-to-date. Comparable hotel EBITDA margins increased 25 basis points to nearly 30% for the quarter and 40 basis points to 28% year-to-date, which drove the growth in comparable hotel EBITDA of 4.8% and 5.1%, respectively.
06:24 EDTHSTHost Hotels sees FY15 adjusted FFO $1.52, consensus $1.55
Sees FY15 total GAAP revenue up 1.2%-1.7%, consensus $5.48B. Sees FY15 total comparable hotel revenue 3.8%-4.3%. Sees FY15 comparable hotel EBITDA margins of 35-55 basis points. Sees FY15 GAAP operating profit margin to be down 90-110 basis points. Sees FY15 total comparable hotel RevPAR up 4.5%-5%. Sees FY15 comparable hotel RevPAR for domestic properties up 4.5%-5%. Sees FY15 comparable hotel RevPAR for international properties up 2%-3%.
06:22 EDTHSTHost Hotels reports Q2 adjusted FFO 46c, consensus 46c
Reports Q2 revenue $1.45B, consensus $1.46B
July 23, 2015
10:05 EDTHSTHigh option volume stocks
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July 20, 2015
13:20 EDTHSTOptions with increasing put volume: CPN AKS HST BEN TTM

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