Truist Financial Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $17.00

Host Hotels & Resorts (NASDAQ:HST) had its price target dropped by stock analysts at Truist Financial from $20.00 to $17.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the stock. Truist Financial’s price objective would indicate a potential upside of 15.72% from the company’s previous close.

A number of other research analysts also recently commented on the stock. Raymond James lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Wells Fargo & Company lowered their price target on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Citigroup dropped their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. UBS Group reduced their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Finally, Stifel Nicolaus dropped their target price on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Hold” and a consensus target price of $19.54.

Host Hotels & Resorts Price Performance

HST opened at $14.69 on Friday. The firm has a market capitalization of $10.27 billion, a P/E ratio of 14.84 and a beta of 1.30. The stock has a fifty day moving average of $16.32 and a 200-day moving average of $17.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts has a 12-month low of $14.25 and a 12-month high of $20.98.

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

Institutional Investors Weigh In On Host Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in HST. Norges Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $807,878,000. Deutsche Bank AG lifted its holdings in Host Hotels & Resorts by 184.7% in the 4th quarter. Deutsche Bank AG now owns 9,752,018 shares of the company’s stock worth $170,855,000 after purchasing an additional 6,326,709 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Host Hotels & Resorts by 537.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 6,893,087 shares of the company’s stock worth $121,318,000 after purchasing an additional 5,811,722 shares during the last quarter. Rush Island Management LP acquired a new stake in Host Hotels & Resorts in the 4th quarter worth approximately $99,402,000. Finally, Daiwa Securities Group Inc. lifted its holdings in Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after purchasing an additional 5,466,629 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

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.