Raymond James Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective dropped by stock analysts at Raymond James from $23.00 to $20.00 in a report released on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price objective suggests a potential upside of 17.10% from the stock’s previous close.

A number of other research analysts have also weighed in on HST. UBS Group cut 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. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Stifel Nicolaus cut their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Finally, Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $20.54.

Host Hotels & Resorts Trading Up 0.2 %

Shares of HST stock opened at $17.08 on Tuesday. Host Hotels & Resorts has a 52-week low of $15.71 and a 52-week high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The firm has a market capitalization of $11.94 billion, a PE ratio of 16.58 and a beta of 1.30. The stock has a fifty day simple moving average of $17.26 and a two-hundred day simple moving average of $17.47.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly 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. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. On average, analysts predict that Host Hotels & Resorts will post 1.92 EPS for the current fiscal year.

Institutional Trading of Host Hotels & Resorts

Several institutional investors have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after purchasing an additional 950,431 shares during the last quarter. Cohen & Steers Inc. lifted its stake in Host Hotels & Resorts by 8.5% in the fourth quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock worth $876,115,000 after purchasing an additional 3,932,928 shares during the last quarter. Norges Bank bought a new stake in Host Hotels & Resorts in the fourth quarter worth about $807,878,000. JPMorgan Chase & Co. lifted its stake in Host Hotels & Resorts by 1.8% in the fourth quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock worth $649,076,000 after purchasing an additional 643,450 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Host Hotels & Resorts by 24.7% in the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock worth $395,171,000 after purchasing an additional 4,460,468 shares during the last quarter. Institutional investors own 98.52% of the company’s stock.

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.