Host Hotels & Resorts (NASDAQ:HST) Reaches New 1-Year Low – What’s Next?

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $13.38 and last traded at $13.38, with a volume of 3637827 shares trading hands. The stock had previously closed at $14.65.

Wall Street Analyst Weigh In

HST has been the topic of a number of recent research reports. Raymond James decreased their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. UBS Group lowered their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 18th. Citigroup lowered their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Finally, Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $19.54.

Host Hotels & Resorts Trading Down 1.2 %

The firm has a market capitalization of $9.19 billion, a P/E ratio of 13.27 and a beta of 1.26. The stock has a 50-day simple moving average of $15.75 and a two-hundred day simple moving average of $17.12. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 6.09%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts’s payout ratio is 80.81%.

Institutional Trading of Host Hotels & Resorts

Hedge funds have recently bought and sold shares of the stock. Cerity Partners LLC raised its position in shares of Host Hotels & Resorts by 23.0% in the 3rd quarter. Cerity Partners LLC now owns 30,944 shares of the company’s stock worth $545,000 after acquiring an additional 5,778 shares in the last quarter. Rockefeller Capital Management L.P. raised its holdings in Host Hotels & Resorts by 4.9% in the third quarter. Rockefeller Capital Management L.P. now owns 27,882 shares of the company’s stock worth $492,000 after purchasing an additional 1,292 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Host Hotels & Resorts by 123.4% during the third quarter. Verition Fund Management LLC now owns 65,681 shares of the company’s stock valued at $1,156,000 after buying an additional 36,278 shares during the last quarter. Chevy Chase Trust Holdings LLC boosted its holdings in shares of Host Hotels & Resorts by 7.5% in the 3rd quarter. Chevy Chase Trust Holdings LLC now owns 478,025 shares of the company’s stock valued at $8,413,000 after buying an additional 33,274 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in shares of Host Hotels & Resorts in the 3rd quarter worth approximately $540,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

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.