Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $21.39 Consensus PT from Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have received a consensus recommendation of “Moderate Buy” from the fourteen ratings firms that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $21.39.

HST has been the topic of a number of recent analyst reports. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their target price for the stock from $18.00 to $22.00 in a report on Thursday, October 17th. Truist Financial reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. UBS Group lowered their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, November 15th. Finally, Wells Fargo & Company raised their price objective on Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a research note on Monday, December 9th.

Institutional Trading of Host Hotels & Resorts

Several hedge funds have recently added to or reduced their stakes in HST. Blue Trust Inc. raised its position in shares of Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after buying an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts during the second quarter worth approximately $30,000. Farther Finance Advisors LLC lifted its position in Host Hotels & Resorts by 44.5% in the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after purchasing an additional 867 shares during the period. 1620 Investment Advisors Inc. bought a new position in Host Hotels & Resorts during the 2nd quarter valued at $51,000. Finally, Family Firm Inc. acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at $56,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Up 0.3 %

NASDAQ:HST opened at $18.72 on Wednesday. The stock has a market cap of $13.09 billion, a price-to-earnings ratio of 18.17 and a beta of 1.32. Host Hotels & Resorts has a one year low of $15.71 and a one year 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 business’s 50-day simple moving average is $18.02 and its 200 day simple moving average is $17.70.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). The business had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 earnings per share. As a group, sell-side analysts predict that Host Hotels & Resorts will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.20 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $0.80 annualized dividend and a dividend yield of 4.27%. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Host Hotels & Resorts Company Profile

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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.