Host Hotels and Resorts (NYSE:HST) Price Target Cut to $16.00

Host Hotels and Resorts (NYSE:HST) had its target price dropped by equities research analysts at BTIG Research from $14.50 to $16.00 in a report issued on Tuesday, The Fly reports. BTIG Research’s price target points to a potential upside of 47.84% from the stock’s previous close.

Several other equities analysts also recently weighed in on the company. Royal Bank of Canada dropped their target price on Host Hotels and Resorts from $19.00 to $13.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. UBS Group dropped their target price on Host Hotels and Resorts from $17.00 to $12.00 and set a “neutral” rating for the company in a research report on Monday, May 4th. Jefferies Financial Group raised Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Monday, March 30th. SunTrust Banks dropped their target price on Host Hotels and Resorts from $18.00 to $9.00 and set a “hold” rating for the company in a research report on Wednesday, April 29th. Finally, Capital One Financial downgraded Host Hotels and Resorts from an “overweight” rating to an “equal weight” rating and set a $12.00 target price for the company. in a research report on Monday, June 29th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $13.22.

Shares of HST traded down $0.40 during midday trading on Tuesday, reaching $10.82. The company had a trading volume of 9,376,513 shares, compared to its average volume of 14,821,885. Host Hotels and Resorts has a 1-year low of $7.86 and a 1-year high of $18.90. The stock has a market cap of $7.72 billion, a PE ratio of 10.73 and a beta of 1.27. The firm has a 50 day simple moving average of $11.93 and a 200-day simple moving average of $13.72. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.75.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Thursday, May 7th. The real estate investment trust reported $0.23 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.04). The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Host Hotels and Resorts had a return on equity of 9.95% and a net margin of 14.25%. The firm’s revenue for the quarter was down 24.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 earnings per share. As a group, sell-side analysts anticipate that Host Hotels and Resorts will post -0.04 earnings per share for the current fiscal year.

In other Host Hotels and Resorts news, Director Walter C. Rakowich sold 5,566 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $10.63, for a total value of $59,166.58. Following the completion of the sale, the director now owns 48,764 shares in the company, valued at $518,361.32. The sale was disclosed in a document filed with the SEC, which is available through this link. 1.20% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in HST. Atria Investments LLC acquired a new position in shares of Host Hotels and Resorts in the fourth quarter valued at approximately $200,000. Utah Retirement Systems increased its holdings in shares of Host Hotels and Resorts by 0.7% in the fourth quarter. Utah Retirement Systems now owns 239,276 shares of the real estate investment trust’s stock valued at $4,439,000 after purchasing an additional 1,600 shares during the period. ProShare Advisors LLC grew its holdings in Host Hotels and Resorts by 3.3% during the fourth quarter. ProShare Advisors LLC now owns 383,403 shares of the real estate investment trust’s stock worth $7,112,000 after acquiring an additional 12,386 shares during the period. Raymond James & Associates grew its holdings in Host Hotels and Resorts by 9.9% during the fourth quarter. Raymond James & Associates now owns 45,520 shares of the real estate investment trust’s stock worth $844,000 after acquiring an additional 4,116 shares during the period. Finally, Vestcor Investment Management Corp acquired a new position in Host Hotels and Resorts during the fourth quarter worth $231,000. 98.00% of the stock is currently owned by institutional investors and hedge funds.

About Host Hotels and Resorts

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 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

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