Host Hotels & Resorts (NASDAQ:HST) Downgraded by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts (NASDAQ:HST) from a neutral rating to an underweight rating in a report issued on Friday, Marketbeat Ratings reports. They currently have $18.00 price objective on the stock, down from their previous price objective of $20.00.

Several other equities research analysts have also recently weighed in on the company. Wedbush restated an outperform rating and set a $22.00 target price on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. UBS Group lowered their target price on Host Hotels & Resorts from $21.00 to $20.00 and set a neutral rating for the company in a research note on Friday, April 19th. Barclays reduced their price target on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating on the stock in a research note on Thursday, May 30th. Truist Financial lowered their price objective on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a hold rating for the company in a research report on Thursday, May 30th. Finally, Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the company an overweight rating in a research note on Thursday, March 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and an average price target of $21.57.

Host Hotels & Resorts Price Performance

HST stock opened at $17.86 on Friday. The company’s 50-day moving average price is $18.08 and its two-hundred day moving average price is $19.23. The firm has a market cap of $12.59 billion, a P/E ratio of 17.51, a P/E/G ratio of 1.56 and a beta of 1.33. The company has a quick ratio of 6.66, a current ratio of 6.66 and a debt-to-equity ratio of 0.67. Host Hotels & Resorts has a 12 month low of $14.92 and a 12 month high of $21.31.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Friday, June 28th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.48%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s payout ratio is presently 78.43%.

Insider Buying and Selling at Host Hotels & Resorts

In related news, Director Walter C. Rakowich sold 3,896 shares of Host Hotels & Resorts stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $18.64, for a total value of $72,621.44. Following the transaction, the director now directly owns 64,457 shares of the company’s stock, valued at $1,201,478.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the company. BROOKFIELD Corp ON acquired a new stake in Host Hotels & Resorts during the 1st quarter worth about $25,000. CVA Family Office LLC bought a new stake in Host Hotels & Resorts in the fourth quarter worth approximately $26,000. Blue Trust Inc. lifted its stake in Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after buying an additional 1,002 shares during the period. Riverview Trust Co bought a new position in shares of Host Hotels & Resorts during the 1st quarter worth approximately $27,000. Finally, Mather Group LLC. acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter worth approximately $35,000. 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.