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The pandemic pounded hospitality properties particularly hard, and investors are eagerly watching their recovery as vaccinations in arms raise hopes for guests in rooms. There are a number of real estate investment trusts (REITs) that specialize in hotels and motels, and it’s reasonable to expect they’ll all see some positivity return to their portfolios and reports this year. But they’re not all the same.
For our purposes in this piece, let’s look at two that have what look like similar portfolios but have had quite different experiences after COVID-19 suddenly shut down business and leisure travel, which colors their prospects going forward.
Bearish
10 analysts offering 12-month price targets in the last 3 months for Hilton Worldwide Holdings evaluate the company at an average price target of $113.9 with a high of $135.00 and a low of $101.00.
This current average has increased by 14.13% from the previous average price target of $99.8.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish analyst ratings for stocks. Analysts typically rate each stock once per quarter.
Analysts also give out recommendations like buy , sell , hold , or similar verbage for each stock based on their overall evaluations of the corres ponding company. A buy indicates that an analyst is optimistic about a stock s short-term or mid-term growth, recommending traders to purchase the stock. Contrastingly,
Oakmark (OAKMX) has long exemplified a patient, bottom-up approach to value investing. Manager Bill Nygren has been at the helm since March 2000 and now comanages the fund with Kevin Grant, who joined parent company Harris Associates in 1988, and Michael Nicolas, who was an analyst at the firm before becoming a comanager in January 2020. The team works closely with a 14-person research team that creates an approved list of ideas for managers to draw from.
Nygren and his colleagues look for stocks that are trading at discounts to their estimated private-market values, which they calculate using a variety of metrics, including discounted cash flow analysis and many other factors. They also look for companies with substantial free cash flows, predictable earnings, and management that demonstrates an ownership mindset. To get these attributes at a discount to intrinsic value, the team often looks for companies they believe are misunderstood because of short-term problems or other invest
The hospitality firm had £1.76 billion of cash & equivalents as of 31st March.
Hilton Worldwide Holdings shares slid 1.5% on market open on Wednesday.
Hilton Worldwide Holdings Inc. (NYSE: HLT) reported its financial results for the fiscal first quarter on Wednesday that came in shy of the Wall Street estimates on weak demand due to the ongoing Coronavirus pandemic.
1. Financial performance
Hilton reported £77.63 million of loss in the first quarter that translates to 28.03 pence per share. In the same quarter last year, it had posted £12.94 million of net income, or 4.31 pence per share. Adjusted for special items, the hospitality company earned 1.44 pence per share. The McLean-based firm had reported £161.49 million of net loss in the prior quarter (Q4).