Brokerages Set Host Hotels & Resorts, Inc. (NASDAQ:HST) Price Target at $19.17

Host Hotels & Resorts, Inc. (NASDAQ:HST) has been given a consensus recommendation of “Hold” by the fifteen brokerages that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $19.17.

Several equities research analysts have recently commented on HST shares. Raymond James lowered their target price 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. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their price objective for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Citigroup reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research note on Monday, March 17th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and dropped their price target for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Finally, UBS Group reduced their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 28th.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors have recently modified their holdings of HST. National Pension Service acquired a new position in Host Hotels & Resorts during the 4th quarter worth approximately $26,000. NBC Securities Inc. boosted its holdings in Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock worth $26,000 after purchasing an additional 1,852 shares during the last quarter. Jones Financial Companies Lllp grew its position in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares in the last quarter. Versant Capital Management Inc increased its stake in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after buying an additional 2,047 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its position in Host Hotels & Resorts by 94.9% during 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 in the last quarter. 98.52% of the stock is currently owned by institutional investors.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST opened at $13.66 on Tuesday. The business has a fifty day moving average of $15.05 and a 200-day moving average of $16.76. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts has a twelve month low of $12.22 and a twelve month high of $19.87. The firm has a market cap of $9.47 billion, a PE ratio of 13.80 and a beta of 1.26.

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

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.86%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

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.