Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $21.00

Host Hotels & Resorts (NASDAQ:HST) had its price target upped by Wells Fargo & Company from $19.00 to $21.00 in a research note issued to investors on Tuesday,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other brokerages have also recently weighed in on HST. 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 note on Thursday, October 17th. Robert W. Baird dropped their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research report on Monday, August 5th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Oppenheimer lowered their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Finally, Truist Financial cut their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.32.

Host Hotels & Resorts Stock Performance

NASDAQ HST opened at $18.43 on Tuesday. The stock has a fifty day simple moving average of $17.83 and a 200-day simple moving average of $17.67. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The stock has a market cap of $12.88 billion, a PE ratio of 17.89, a P/E/G ratio of 1.67 and a beta of 1.32. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share 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 period last year, the business earned $0.41 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Host Hotels & Resorts will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Quadrature Capital Ltd boosted its holdings in Host Hotels & Resorts by 3.0% in the first quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock valued at $568,000 after purchasing an additional 790 shares in the last quarter. California State Teachers Retirement System grew its position in shares of Host Hotels & Resorts by 1.4% in the 1st quarter. California State Teachers Retirement System now owns 1,246,932 shares of the company’s stock valued at $25,787,000 after buying an additional 17,326 shares during the last quarter. Tidal Investments LLC raised its stake in Host Hotels & Resorts by 5.6% during the 1st quarter. Tidal Investments LLC now owns 46,141 shares of the company’s stock worth $954,000 after acquiring an additional 2,454 shares in the last quarter. Plato Investment Management Ltd lifted its position in Host Hotels & Resorts by 3,440.2% in the first quarter. Plato Investment Management Ltd now owns 25,100 shares of the company’s stock valued at $519,000 after acquiring an additional 24,391 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in Host Hotels & Resorts in the first quarter valued at $4,969,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is 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.