Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $21.00

Host Hotels & Resorts (NASDAQ:HST) had its price target lifted by equities research analysts at Wells Fargo & Company from $19.00 to $21.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 14.01% from the company’s current price.

A number of other analysts have also recently issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday. UBS Group cut their price target on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, November 15th. Oppenheimer lowered their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Monday, August 12th. Compass Point upgraded 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 research report on Thursday, October 17th. Finally, StockNews.com cut Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and an average price target of $21.32.

Host Hotels & Resorts Trading Up 0.9 %

NASDAQ:HST opened at $18.42 on Tuesday. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31. The business has a fifty day moving average price of $17.81 and a 200-day moving average price of $17.66. The firm has a market capitalization of $12.88 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Blue Trust Inc. increased its stake in Host Hotels & Resorts by 212.7% in 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 during the period. Global X Japan Co. Ltd. purchased a new position in shares of Host Hotels & Resorts during the second quarter worth approximately $30,000. Farther Finance Advisors LLC raised its stake in shares of Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock valued at $50,000 after acquiring an additional 867 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of Host Hotels & Resorts in the second quarter valued at approximately $51,000. Finally, Family Firm Inc. bought a new position in Host Hotels & Resorts in the second quarter worth approximately $56,000. Institutional investors own 98.52% of the company’s stock.

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.