Host Hotels & Resorts (NASDAQ:HST) Given New $19.00 Price Target at Citigroup

Host Hotels & Resorts (NASDAQ:HST) had its price objective dropped by research analysts at Citigroup from $21.00 to $19.00 in a report issued on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 26.08% from the company’s previous close.

Several other research analysts have also commented on HST. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. UBS Group cut their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Raymond James cut their price target on 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. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. 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 report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $20.12.

Host Hotels & Resorts Price Performance

HST stock opened at $15.07 on Monday. The business has a 50 day moving average price of $16.44 and a 200 day moving average price of $17.36. The stock has a market cap of $10.54 billion, a price-to-earnings ratio of 15.22 and a beta of 1.30. Host Hotels & Resorts has a fifty-two week low of $14.47 and a fifty-two week high of $21.27. 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 (NASDAQ:HST) last released its quarterly earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for 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%. Equities research analysts anticipate that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System grew its holdings in Host Hotels & Resorts by 6.4% during the fourth quarter. California State Teachers Retirement System now owns 1,496,145 shares of the company’s stock worth $26,212,000 after acquiring an additional 89,535 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Host Hotels & Resorts by 46.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 52,000 shares of the company’s stock worth $911,000 after acquiring an additional 16,578 shares during the period. Lansforsakringar Fondforvaltning AB publ acquired a new position in Host Hotels & Resorts during the fourth quarter worth $2,629,000. Siemens Fonds Invest GmbH acquired a new position in Host Hotels & Resorts during the fourth quarter worth $198,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Host Hotels & Resorts during the fourth quarter worth $26,068,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.