Host Hotels & Resorts (NASDAQ:HST) Upgraded by Compass Point to Buy

Compass Point upgraded shares of Host Hotels & Resorts (NASDAQ:HST) from a neutral rating to a buy rating in a research report report published on Thursday morning, MarketBeat reports. Compass Point currently has $22.00 target price on the stock, up from their prior target price of $18.00.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th. Stifel Nicolaus lowered their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Evercore ISI lowered their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Friday, July 19th. Finally, Oppenheimer lowered their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Monday, August 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, Host Hotels & Resorts has an average rating of “Moderate Buy” and a consensus target price of $21.27.

Host Hotels & Resorts Price Performance

NASDAQ:HST opened at $17.77 on Thursday. The company has a quick ratio of 4.55, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. Host Hotels & Resorts has a 52 week low of $14.92 and a 52 week high of $21.31. The stock has a market capitalization of $12.53 billion, a PE ratio of 17.42, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. The stock’s 50-day moving average price is $17.43 and its 200-day moving average price is $17.95.

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 paid a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.50%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC grew its stake in shares of Host Hotels & Resorts by 1.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 769,531 shares of the company’s stock worth $13,544,000 after purchasing an additional 11,577 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in shares of Host Hotels & Resorts by 27.1% during the third quarter. Resonant Capital Advisors LLC now owns 14,300 shares of the company’s stock worth $255,000 after purchasing an additional 3,052 shares in the last quarter. Everett Harris & Co. CA grew its stake in shares of Host Hotels & Resorts by 8.5% during the third quarter. Everett Harris & Co. CA now owns 38,233 shares of the company’s stock worth $673,000 after purchasing an additional 3,000 shares in the last quarter. Blue Trust Inc. grew its stake in shares of Host Hotels & Resorts by 626.1% during the third quarter. Blue Trust Inc. now owns 10,696 shares of the company’s stock worth $192,000 after purchasing an additional 9,223 shares in the last quarter. Finally, Vert Asset Management LLC grew its stake in shares of Host Hotels & Resorts by 0.9% during the third quarter. Vert Asset Management LLC now owns 282,768 shares of the company’s stock worth $4,977,000 after purchasing an additional 2,418 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.