Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $21.39 Consensus PT from Brokerages

Host Hotels & Resorts, Inc. (NASDAQ:HST) has been assigned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.39.

A number of brokerages have recently commented on HST. Truist Financial lowered their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Finally, UBS Group decreased their price target on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, November 15th.

Host Hotels & Resorts Trading Down 1.3 %

NASDAQ:HST opened at $18.58 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The company has a market capitalization of $12.99 billion, a P/E ratio of 18.04 and a beta of 1.32. The stock’s 50 day moving average price is $17.97 and its 200 day moving average price is $17.70. Host Hotels & Resorts has a 52 week low of $15.71 and a 52 week high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate 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 revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.41 EPS. On average, research analysts forecast that Host Hotels & Resorts will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.31%. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 77.67%.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. boosted its stake in shares of Host Hotels & Resorts by 3.0% in the 2nd quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after purchasing an additional 584 shares in the last quarter. Freedom Investment Management Inc. lifted its holdings in Host Hotels & Resorts by 3.0% during the 3rd quarter. Freedom Investment Management Inc. now owns 21,594 shares of the company’s stock valued at $380,000 after purchasing an additional 625 shares during the last quarter. D Orazio & Associates Inc. boosted its position in Host Hotels & Resorts by 6.3% in the second quarter. D Orazio & Associates Inc. now owns 10,968 shares of the company’s stock valued at $197,000 after buying an additional 648 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in Host Hotels & Resorts by 4.9% during the third quarter. Verdence Capital Advisors LLC now owns 16,803 shares of the company’s stock worth $296,000 after buying an additional 784 shares during the last quarter. Finally, Inspire Investing LLC grew its stake in Host Hotels & Resorts by 1.0% during the third quarter. Inspire Investing LLC now owns 81,860 shares of the company’s stock worth $1,441,000 after buying an additional 812 shares during the last quarter. 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.