Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $19.00 by Analysts at UBS Group

Host Hotels & Resorts (NASDAQ:HST) had its price target decreased by equities research analysts at UBS Group from $20.00 to $19.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price would indicate a potential upside of 10.08% from the company’s previous close.

HST has been the topic of a number of other reports. Oppenheimer reduced their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Evercore ISI reduced their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Finally, Stifel Nicolaus lowered their target price on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Trading Down 1.1 %

Shares of NASDAQ:HST opened at $17.26 on Friday. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31. The company has a market capitalization of $12.07 billion, a PE ratio of 16.76, a PEG ratio of 1.61 and a beta of 1.32. The business has a 50 day moving average of $17.72 and a two-hundred day moving average of $17.70. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.41 earnings per share. As a group, analysts forecast that Host Hotels & Resorts will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after buying an additional 950,431 shares during the last quarter. Geode Capital Management LLC lifted its stake in Host Hotels & Resorts by 1.0% in the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock valued at $331,698,000 after buying an additional 180,904 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after buying an additional 5,466,629 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after buying an additional 181,103 shares during the last quarter. Finally, LSV Asset Management lifted its stake in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock valued at $165,218,000 after buying an additional 965,100 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

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.