Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HSTGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $21.39.

A number of research firms have issued reports on HST. Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $22.00 in a research note on Thursday, October 17th. Wells Fargo & Company upped their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Stifel Nicolaus cut their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group decreased their price objective 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.

Read Our Latest Stock Analysis on Host Hotels & Resorts

Host Hotels & Resorts Price Performance

HST opened at $18.58 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The company’s 50 day simple moving average is $17.97 and its 200-day simple moving average is $17.69. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31. The stock has a market capitalization of $12.99 billion, a P/E ratio of 18.04 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) 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). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business posted $0.41 earnings per share. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. Sell-side analysts anticipate that Host Hotels & Resorts will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.31%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Large investors have recently added to or reduced their stakes in the company. Blue Trust Inc. lifted its position in shares of Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. bought a new stake in Host Hotels & Resorts during the 2nd quarter worth about $30,000. Farther Finance Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after buying an additional 867 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at about $51,000. Finally, Family Firm Inc. acquired a new stake in shares of Host Hotels & Resorts in the second quarter valued at about $56,000. Institutional investors own 98.52% of the company’s stock.

About Host Hotels & Resorts

(Get Free Report

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.

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Analyst Recommendations for Host Hotels & Resorts (NASDAQ:HST)

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