Truist Financial Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price target decreased by stock analysts at Truist Financial from $23.00 to $20.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 19.55% from the stock’s current price.

HST has been the subject of a number of other reports. JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Barclays lowered their price objective on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Stifel Nicolaus cut their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Wedbush reaffirmed an “outperform” rating and issued a $22.00 price target on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. Finally, Robert W. Baird cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.31.

Host Hotels & Resorts Stock Performance

Shares of Host Hotels & Resorts stock opened at $16.73 on Wednesday. The business has a 50-day moving average price of $17.26 and a two-hundred day moving average price of $18.60. Host Hotels & Resorts has a 1-year low of $14.92 and a 1-year high of $21.31. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The company has a market cap of $11.80 billion, a P/E ratio of 16.40, a PEG ratio of 1.58 and a beta of 1.32.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of HST. Czech National Bank grew its stake in Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock valued at $2,567,000 after purchasing an additional 569 shares during the period. Legacy Wealth Asset Management LLC increased its holdings in Host Hotels & Resorts by 3.8% during the first quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock worth $326,000 after buying an additional 579 shares during the last quarter. Assenagon Asset Management S.A. raised its position in Host Hotels & Resorts by 3.0% in the second quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock worth $357,000 after acquiring an additional 584 shares during the period. Covestor Ltd raised its position in Host Hotels & Resorts by 16.1% in the first quarter. Covestor Ltd now owns 4,460 shares of the company’s stock worth $92,000 after acquiring an additional 618 shares during the period. Finally, Gulf International Bank UK Ltd grew its position in shares of Host Hotels & Resorts by 16.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock valued at $92,000 after acquiring an additional 627 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.