Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $17.00 at Truist Financial

Host Hotels & Resorts (NASDAQ:HST) had its price objective lowered by Truist Financial from $20.00 to $17.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “hold” rating on the stock. Truist Financial’s price target indicates a potential upside of 13.64% from the stock’s previous close.

Several other equities analysts have also weighed in on the stock. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Stifel Nicolaus reduced their price objective on shares of 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. Raymond James reduced 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. Morgan Stanley upgraded shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and reduced their price objective for the stock from $16.00 to $15.00 in a research note on Friday. Finally, Wells Fargo & Company reduced 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 note on Tuesday, February 18th. Two analysts have rated the stock with a sell rating, five have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Hold” and an average target price of $19.54.

Host Hotels & Resorts Stock Performance

Shares of HST stock opened at $14.96 on Friday. The stock has a market cap of $10.46 billion, a P/E ratio of 15.11 and a beta of 1.30. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The company has a fifty day moving average price of $16.37 and a two-hundred day moving average price of $17.32. Host Hotels & Resorts has a one year low of $14.47 and a one year high of $21.27.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.29. The company had revenue of $1.43 billion for 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%. As a group, equities analysts predict that Host Hotels & Resorts will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Host Hotels & Resorts

Hedge funds have recently added to or reduced their stakes in the business. National Pension Service acquired a new stake in Host Hotels & Resorts during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp raised its holdings in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts during the 4th quarter worth approximately $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts during the 4th quarter worth approximately $45,000. 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.