Stifel Nicolaus Lowers Host Hotels & Resorts (NASDAQ:HST) Price Target to $20.50

Host Hotels & Resorts (NASDAQ:HST) had its target price cut by Stifel Nicolaus from $21.00 to $20.50 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts also recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of 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. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a report on Thursday, October 17th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Oppenheimer decreased their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Robert W. Baird cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $21.18.

Host Hotels & Resorts Trading Up 0.9 %

NASDAQ HST opened at $18.42 on Friday. The stock has a market capitalization of $12.88 billion, a P/E ratio of 17.88, a P/E/G ratio of 1.65 and a beta of 1.32. The business has a 50 day simple moving average of $17.81 and a 200 day simple moving average of $17.66. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same period last year, the company earned $0.41 EPS. Host Hotels & Resorts’s revenue for the quarter was up 8.6% compared to the same quarter last year. Research analysts expect that Host Hotels & Resorts will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.34%. Host Hotels & Resorts’s payout ratio is presently 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

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

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.