Citigroup Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $19.00

Host Hotels & Resorts (NASDAQ:HST) had its price target decreased by Citigroup from $21.00 to $19.00 in a research report report published on Monday,Benzinga reports. Citigroup currently has a buy rating on the stock.

HST has been the subject of a number of other research reports. Raymond James reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Stifel Nicolaus reduced their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Finally, 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 note on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $20.12.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $15.30 on Monday. The firm has a market capitalization of $10.70 billion, a price-to-earnings ratio of 15.45 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The business has a fifty day moving average of $16.48 and a 200 day moving average of $17.38. Host Hotels & Resorts has a 1 year low of $14.47 and a 1 year high of $21.27.

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

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 80.81%.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors have recently bought and sold shares of the company. National Pension Service acquired a new stake in Host Hotels & Resorts in the 4th quarter worth about $26,000. Jones Financial Companies Lllp boosted its holdings in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after buying an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Host Hotels & Resorts in the 4th quarter worth approximately $40,000. Finally, Eastern Bank purchased a new position in Host Hotels & Resorts in the 4th quarter worth approximately $45,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Company Profile

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.