Host Hotels & Resorts (NASDAQ:HST) Upgraded at Compass Point

Compass Point upgraded shares of Host Hotels & Resorts (NASDAQ:HST) from a neutral rating to a buy rating in a research report sent to investors on Friday, Marketbeat.com reports. They currently have $22.00 price objective on the stock, up from their prior price objective of $18.00.

Several other brokerages also recently issued reports on HST. UBS Group lifted their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Monday, September 22nd. Weiss Ratings restated a “hold (c)” rating on shares of Host Hotels & Resorts in a research report on Wednesday. Wells Fargo & Company raised shares of Host Hotels & Resorts to a “strong-buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus lifted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.38.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock traded up $0.15 during mid-day trading on Friday, hitting $17.99. 3,912,944 shares of the company were exchanged, compared to its average volume of 9,449,399. The company has a market capitalization of $12.37 billion, a PE ratio of 19.15 and a beta of 1.36. The business has a fifty day moving average of $16.91 and a 200 day moving average of $16.11. Host Hotels & Resorts has a 1-year low of $12.22 and a 1-year high of $19.36. The company has a quick ratio of 2.20, a current ratio of 2.20 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last posted its earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.02. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same quarter in the prior year, the firm earned $0.36 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. As a group, sell-side analysts expect that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 annualized dividend and a yield of 4.4%. Host Hotels & Resorts’s dividend payout ratio is 76.19%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter worth $1,453,000. Nordea Investment Management AB grew its position in Host Hotels & Resorts by 48.3% in the second quarter. Nordea Investment Management AB now owns 250,568 shares of the company’s stock valued at $3,849,000 after acquiring an additional 81,624 shares during the last quarter. Ballentine Partners LLC bought a new stake in shares of Host Hotels & Resorts during the second quarter worth $202,000. Cerity Partners LLC boosted its position in shares of Host Hotels & Resorts by 32.9% during the 1st quarter. Cerity Partners LLC now owns 38,425 shares of the company’s stock valued at $546,000 after purchasing an additional 9,508 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd grew its stake in shares of Host Hotels & Resorts by 54.7% in the 2nd quarter. Y Intercept Hong Kong Ltd now owns 69,743 shares of the company’s stock valued at $1,071,000 after buying an additional 24,654 shares during the period. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.