Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $20.54 Average PT from Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have received an average rating of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $20.54.

A number of analysts recently issued reports on the stock. UBS Group lowered their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Finally, Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of institutional investors have recently bought and sold shares of the stock. Ascent Group LLC raised its holdings in shares of Host Hotels & Resorts by 4.4% in the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company’s stock worth $290,000 after purchasing an additional 703 shares during the period. Toronto Dominion Bank grew its stake in Host Hotels & Resorts by 5.9% during the fourth quarter. Toronto Dominion Bank now owns 374,284 shares of the company’s stock worth $6,557,000 after buying an additional 20,691 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Host Hotels & Resorts during the 4th quarter valued at $224,000. Vise Technologies Inc. purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter worth about $344,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Host Hotels & Resorts by 6.3% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 7,326,744 shares of the company’s stock worth $128,365,000 after buying an additional 433,657 shares during the period. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Up 0.0 %

NASDAQ:HST opened at $16.03 on Monday. The company has a market cap of $11.20 billion, a PE ratio of 16.19 and a beta of 1.30. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The company’s 50 day moving average is $17.04 and its two-hundred day moving average is $17.48.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. Analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 4.99%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s payout ratio is 80.81%.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.