Host Hotels & Resorts (NASDAQ:HST) Given New $20.50 Price Target at Stifel Nicolaus

Host Hotels & Resorts (NASDAQ:HST) had its price objective reduced by equities researchers at Stifel Nicolaus from $21.00 to $20.50 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 12.33% from the stock’s current price.

Several other brokerages have also weighed in on HST. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Oppenheimer reduced their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Robert W. Baird cut their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a report on Monday, August 5th. Finally, Evercore ISI lowered their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.18.

Host Hotels & Resorts Trading Up 2.0 %

HST opened at $18.25 on Friday. The firm has a market capitalization of $12.76 billion, a price-to-earnings ratio of 17.72, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32. The company’s 50 day simple moving average is $17.79 and its two-hundred day simple moving average is $17.67. Host Hotels & Resorts has a 1-year low of $15.71 and a 1-year high of $21.31. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The company had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same quarter in the prior year, the firm earned $0.41 EPS. The firm’s revenue was up 8.6% on a year-over-year basis. Analysts expect that Host Hotels & Resorts will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HST. State Street Corp lifted its stake in Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after purchasing an additional 950,431 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Host Hotels & Resorts by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock worth $331,698,000 after buying an additional 180,904 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Host Hotels & Resorts by 66.9% in the 3rd quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock valued at $240,017,000 after buying an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Host Hotels & Resorts by 1.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock valued at $181,296,000 after buying an additional 181,103 shares during the last quarter. Finally, LSV Asset Management raised its stake in Host Hotels & Resorts by 11.7% during the 2nd quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after acquiring an additional 965,100 shares in the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.