Host Hotels & Resorts (NASDAQ:HST) Given New $22.00 Price Target at Wells Fargo & Company

Host Hotels & Resorts (NASDAQ:HST) had its target price increased by stock analysts at Wells Fargo & Company from $21.00 to $22.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Wells Fargo & Company‘s target price would suggest a potential upside of 15.36% from the company’s current price.

A number of other research analysts have also recently commented on the company. Oppenheimer lowered their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, UBS Group dropped their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.39.

Host Hotels & Resorts Stock Up 0.7 %

Shares of Host Hotels & Resorts stock opened at $19.07 on Monday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31. The company has a market cap of $13.33 billion, a P/E ratio of 18.51 and a beta of 1.32. The company’s fifty day simple moving average is $17.87 and its two-hundred day simple moving average is $17.67.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings results 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 net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. Host Hotels & Resorts’s quarterly revenue was up 8.6% compared to the same quarter last year. Research analysts anticipate that Host Hotels & Resorts will post 1.94 EPS for the current year.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of HST. Blue Trust Inc. boosted its position in shares of Host Hotels & Resorts by 212.7% during the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. purchased a new position in Host Hotels & Resorts in the 2nd quarter worth about $30,000. Farther Finance Advisors LLC lifted its stake 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 acquiring an additional 867 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at about $51,000. Finally, Family Firm Inc. bought a new stake in shares of Host Hotels & Resorts in the second quarter worth approximately $56,000. 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.