Consistent with its efforts to enhance stockholders' value,
Host Hotels & Resorts Inc.
) raised its quarterly cash dividend by 10% sequentially to 11
cents per share from 10 cents. The new dividend will be paid on
July 15, 2013 to shareholders of record as of Jun 28, 2013.
Host Hotels has a solid track record of increasing
shareholders' wealth and has accordingly hiked its dividend
payout for the 10th consecutive quarter, since March 2011.
Notably, a steady dividend payout facilitates the long-term
strategy of the company to provide attractive risk-adjusted
returns to stockholders.
Host Hotels is one of the leading lodging real estate
investment trusts (REITs) and operates luxury and upper-upscale
hotels across areas that have the potential for significant
capital appreciation. In addition, the company has a strong
balance sheet, which provides the financial flexibility to target
high-yielding acquisitions, impressive ROI (return on
investments) capital projects and steady dividend payouts.
In connection to this, recently Host Hotels acquired a
Hawaii-based premium property - Hyatt Place Waikiki Beach - for
$138.5 million. With the buy-out of the asset, Host Hotels now
owns 104 premium properties located across the U.S. and 15
properties abroad, which consolidate its position globally for
Notably, a number of REIT firms have raised their quarterly
dividend payouts recently. This includes
Post Properties Inc.
Alexandria Real Estate Equities Inc.
) which hiked their dividends by 32% and 8% sequentially,
Solid dividend payouts are arguably the biggest attraction for
REIT investors as the U.S. law requires these companies to
distribute 90% of their annual taxable income in the form of
dividends to shareholders.
Host Hotels currently carries a Zacks Rank #2 (Buy). Another
better performing lodging REIT that is worth a look is
Sunstone Hotel Investors Inc.
), which carries a Zacks Rank #1 (Strong Buy).
ALEXANDRIA REAL (ARE): Free Stock Analysis
HOST HOTEL&RSRT (HST): Free Stock Analysis
POST PPTYS INC (PPS): Free Stock Analysis
SUNSTONE HOTEL (SHO): Free Stock Analysis
To read this article on Zacks.com click here.