8.71%

regular dividend

Market Perform - Price: $12.52 on July 15
by Morgan Keegan

Host Hotels and Resorts reported Q2 FFO [funds from operations] of 56 cents a share, unchanged from...the year-ago period. [This] was one cent below our estimate and one cent above the Street consensus.... Management decreased its full-year 2008 FFO guidance from a range of $1.88-$1.98 per share to a new range of $1.75-$1.85 per share. Our 2008 FFO estimate is reduced from $1.96 to $1.79 and our 2009 estimate is reduced from $2.06 to $1.80. While we view HST's current valuation to be attractive, we are less confident about near-term prospects for the lodging sector. Suitability: speculative.


Outperform - Price: $12.52 on July 15
by Baird

We are maintaining our Outperform rating and are reducing our price target to $15 from $17. Despite the company's lowered outlook and our estimate reductions, we continue to see value and would be buyers at current levels. We view Host as well-positioned [to weather] the downturn, given the company's well-covered dividend and strong balance sheet. Suitability: average risk.

.20 special dividend

income

wanted the dividend and thought it might get bought out. Losing money

recommended

From Barron's 7-9-07:

"Host Hotels (HST) jumped 10%."

Upgraded by Citigroup from Hold to Buy

Current Yield: 2.79%

Projected 3yr Dividend Growth: +33.30%