Analysts Set Host Hotels & Resorts, Inc. (NASDAQ:HST) PT at $18.27

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $18.27.

A number of research analysts have weighed in on the company. Truist Financial reduced their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, March 21st. Citigroup reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, March 17th. Jefferies Financial Group downgraded Host Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Wells Fargo & Company reduced their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Raymond James reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th.

Institutional Trading of Host Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in HST. National Pension Service purchased a new stake in Host Hotels & Resorts during the 4th quarter valued at $26,000. NBC Securities Inc. boosted its stake in Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after purchasing an additional 1,852 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares during the last quarter. Versant Capital Management Inc boosted its stake in Host Hotels & Resorts by 696.3% during the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after purchasing an additional 2,047 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in Host Hotels & Resorts during the 1st quarter valued at $33,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Up 2.5%

HST opened at $15.76 on Wednesday. The business has a 50 day simple moving average of $14.48 and a two-hundred day simple moving average of $16.04. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 15.92 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. Host Hotels & Resorts has a one year low of $12.22 and a one year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.08. The business had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Host Hotels & Resorts’s quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.60 EPS. Analysts predict that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.08%. Host Hotels & Resorts’s payout ratio is currently 83.33%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.