Host Hotels & Resorts, Inc. (NASDAQ:HST) Given Average Recommendation of “Hold” by Brokerages

Host Hotels & Resorts, Inc. (NASDAQ:HST) has received a consensus rating of “Hold” from the fifteen brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $19.17.

A number of analysts recently issued reports on the company. Truist Financial lowered their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Citigroup cut their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their target price for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. Morgan Stanley upgraded shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and cut their price target for the company from $16.00 to $15.00 in a research note on Friday, March 21st. Finally, Raymond James lowered their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 18th.

Hedge Funds Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the business. Invst LLC grew its position in shares of Host Hotels & Resorts by 6.7% during the 3rd quarter. Invst LLC now owns 37,581 shares of the company’s stock worth $661,000 after purchasing an additional 2,376 shares in the last quarter. Sanctuary Advisors LLC increased its stake in Host Hotels & Resorts by 23.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 25,592 shares of the company’s stock worth $467,000 after acquiring an additional 4,870 shares during the period. Wilmington Savings Fund Society FSB acquired a new position in Host Hotels & Resorts in the 3rd quarter valued at $182,000. Tidal Investments LLC lifted its position in shares of Host Hotels & Resorts by 27.1% during the 3rd quarter. Tidal Investments LLC now owns 31,038 shares of the company’s stock valued at $546,000 after acquiring an additional 6,611 shares during the period. Finally, GAMMA Investing LLC grew its holdings in shares of Host Hotels & Resorts by 42.9% during the 4th quarter. GAMMA Investing LLC now owns 12,275 shares of the company’s stock worth $215,000 after purchasing an additional 3,684 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Trading Down 1.1 %

NASDAQ:HST opened at $13.51 on Tuesday. The company has a market cap of $9.37 billion, a P/E ratio of 13.65 and a beta of 1.26. Host Hotels & Resorts has a twelve month low of $12.22 and a twelve month high of $19.87. The business has a 50 day moving average price of $14.93 and a two-hundred day moving average price of $16.70. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. As a group, analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.92%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

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.