Analysts Set Host Hotels & Resorts, Inc. (NASDAQ:HST) Price Target at $20.12

Host Hotels & Resorts, Inc. (NASDAQ:HST) has been given an average rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.54.

Several analysts have commented on HST shares. Morgan Stanley upgraded shares of Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and lowered their price objective for the stock from $16.00 to $15.00 in a report on Friday, March 21st. Truist Financial lowered their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, March 21st. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Wells Fargo & Company dropped their target price on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, February 18th. Finally, Raymond James decreased their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th.

Institutional Trading of Host Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the business. National Pension Service purchased a new position in shares of Host Hotels & Resorts in the fourth quarter worth $26,000. Jones Financial Companies Lllp increased its holdings in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after buying an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its position in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts during the 4th quarter valued at about $40,000. Finally, Eastern Bank purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at about $45,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $14.80 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts has a fifty-two week low of $14.25 and a fifty-two week high of $20.85. The firm has a market cap of $10.35 billion, a P/E ratio of 14.95 and a beta of 1.30. The business’s 50 day moving average price is $16.23 and its 200-day moving average price is $17.28.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings results 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. 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 for the quarter, compared to analysts’ expectations of $1.37 billion. On average, equities research analysts anticipate that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company 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 $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.41%. Host Hotels & Resorts’s 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.