Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $21.21 Average Target Price from Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $21.21.

HST has been the subject of a number of research reports. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Oppenheimer reduced their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Stifel Nicolaus lowered their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Evercore ISI reduced their target price on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Finally, UBS Group decreased their target price on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday.

Host Hotels & Resorts Trading Up 0.9 %

Shares of Host Hotels & Resorts stock opened at $17.41 on Friday. The company has a fifty day simple moving average of $17.73 and a 200-day simple moving average of $17.69. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76. The stock has a market cap of $12.17 billion, a price-to-earnings ratio of 16.90, a PEG ratio of 1.55 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the previous year, the business posted $0.41 EPS. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities analysts forecast that Host Hotels & Resorts will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.60%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the company. BROOKFIELD Corp ON acquired a new stake in Host Hotels & Resorts in the 1st quarter valued at about $25,000. Blue Trust Inc. raised its position in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. purchased a new stake in Host Hotels & Resorts in the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC grew its holdings in Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after buying an additional 867 shares during the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Host Hotels & Resorts during the 2nd quarter valued at $51,000. 98.52% of the stock is owned by institutional investors and hedge funds.

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.