Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $22.00 Average Price Target from Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Rating) have been assigned an average recommendation of “Moderate Buy” from the thirteen ratings firms that are currently covering the stock, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $22.18.

A number of brokerages have recently commented on HST. Truist Financial lifted their price target on shares of Host Hotels & Resorts from $19.00 to $21.00 and gave the stock a “hold” rating in a report on Wednesday, June 1st. Barclays cut their price target on shares of Host Hotels & Resorts from $23.00 to $22.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Wells Fargo & Company upgraded shares of Host Hotels & Resorts from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $20.00 to $21.00 in a report on Monday, August 29th. Citigroup lifted their price target on shares of Host Hotels & Resorts to $22.00 in a report on Monday, August 15th. Finally, Evercore ISI reiterated an “outperform” rating and set a $23.00 price target on shares of Host Hotels & Resorts in a report on Monday, July 11th.

Host Hotels & Resorts Stock Up 3.2 %

Shares of HST opened at $18.24 on Thursday. The company has a current ratio of 11.29, a quick ratio of 11.29 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $13.04 billion, a PE ratio of 22.80 and a beta of 1.22. The firm’s 50 day moving average is $18.09 and its 200-day moving average is $17.74. Host Hotels & Resorts has a 12 month low of $15.10 and a 12 month high of $21.63.

Host Hotels & Resorts (NASDAQ:HSTGet Rating) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.12). Host Hotels & Resorts had a return on equity of 8.86% and a net margin of 13.34%. During the same quarter last year, the business posted $0.12 EPS. Equities research analysts forecast that Host Hotels & Resorts will post 1.79 EPS for the current year.

Host Hotels & Resorts Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.12 dividend. This is an increase from Host Hotels & Resorts’s previous quarterly dividend of $0.06. This represents a $0.48 annualized dividend and a yield of 2.63%. Host Hotels & Resorts’s payout ratio is 30.00%.

Institutional Investors Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Pendal Group Ltd increased its stake in Host Hotels & Resorts by 0.4% in the first quarter. Pendal Group Ltd now owns 114,100 shares of the company’s stock valued at $2,215,000 after purchasing an additional 500 shares in the last quarter. State of Michigan Retirement System increased its position in shares of Host Hotels & Resorts by 0.3% during the first quarter. State of Michigan Retirement System now owns 180,229 shares of the company’s stock worth $3,502,000 after acquiring an additional 504 shares in the last quarter. Advisor Partners LLC increased its position in shares of Host Hotels & Resorts by 2.1% during the first quarter. Advisor Partners LLC now owns 26,717 shares of the company’s stock worth $519,000 after acquiring an additional 542 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of Host Hotels & Resorts by 1.9% during the second quarter. Jacobi Capital Management LLC now owns 29,485 shares of the company’s stock worth $462,000 after acquiring an additional 563 shares in the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Host Hotels & Resorts by 1.4% during the first quarter. Crossmark Global Holdings Inc. now owns 40,041 shares of the company’s stock worth $778,000 after acquiring an additional 570 shares in the last quarter. 98.79% of the stock is owned by institutional investors.

About Host Hotels & Resorts

(Get Rating)

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 74 properties in the United States and five properties internationally totaling approximately 46,100 rooms.

Further Reading

Analyst Recommendations for Host Hotels & Resorts (NASDAQ:HST)

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