Host Hotels & Resorts (NASDAQ:HST) Cut to “In-Line” at Evercore ISI

Evercore ISI lowered shares of Host Hotels & Resorts (NASDAQ:HST) from an outperform rating to an in-line rating in a research report sent to investors on Tuesday morning, MarketBeat reports. The firm currently has $20.00 price target on the stock.

Several other analysts have also recently commented on the stock. Morgan Stanley restated an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Truist Financial lifted their target price on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a research note on Wednesday, September 3rd. Cantor Fitzgerald started coverage on shares of Host Hotels & Resorts in a report on Wednesday, October 1st. They set a “neutral” rating and a $19.00 price target on the stock. Stifel Nicolaus increased their price objective on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a “buy” rating in a report on Thursday, July 31st. Finally, Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $22.00 in a research report on Friday, November 7th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $18.38.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $17.57 on Tuesday. The company has a market capitalization of $12.08 billion, a price-to-earnings ratio of 18.69 and a beta of 1.36. Host Hotels & Resorts has a 1-year low of $12.22 and a 1-year high of $19.36. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The stock’s fifty day simple moving average is $16.96 and its 200-day simple moving average is $16.20.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The firm had revenue of $1.33 billion during the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the company posted $0.36 EPS. The business’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. On average, sell-side analysts predict that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were issued a $0.20 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. Host Hotels & Resorts’s dividend payout ratio is currently 76.19%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors have recently bought and sold shares of HST. Armstrong Advisory Group Inc. increased its holdings in shares of Host Hotels & Resorts by 953.5% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock valued at $26,000 after acquiring an additional 1,516 shares during the last quarter. CYBER HORNET ETFs LLC bought a new stake in Host Hotels & Resorts during the second quarter worth approximately $29,000. Clearstead Advisors LLC boosted its position in Host Hotels & Resorts by 79.6% during the third quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after purchasing an additional 786 shares during the period. TD Private Client Wealth LLC grew its holdings in Host Hotels & Resorts by 50.0% during the second quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock valued at $32,000 after purchasing an additional 691 shares during the last quarter. Finally, MUFG Securities EMEA plc bought a new position in shares of Host Hotels & Resorts in the second quarter valued at approximately $32,000. 98.52% of the stock is currently owned by institutional investors.

About Host Hotels & Resorts

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.