Host Hotels & Resorts (NASDAQ:HST) Rating Lowered to “Sell” at StockNews.com

Host Hotels & Resorts (NASDAQ:HST) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a report released on Thursday.

HST has been the topic of a number of other research reports. Oppenheimer reduced 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. Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. JPMorgan Chase & Co. cut Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and lowered their price target for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. Finally, Wells Fargo & Company reduced their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and an average price target of $21.21.

Host Hotels & Resorts Trading Down 1.1 %

HST opened at $17.26 on Thursday. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90. The stock has a market cap of $12.07 billion, a price-to-earnings ratio of 16.76, a P/E/G ratio of 1.61 and a beta of 1.32. The stock’s 50 day moving average price is $17.72 and its 200-day moving average price is $17.71.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. Host Hotels & Resorts’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $0.41 earnings per share. On average, equities analysts forecast that Host Hotels & Resorts will post 1.96 EPS for the current year.

Institutional Investors Weigh In On Host Hotels & Resorts

Several large investors have recently bought and sold shares of the company. BROOKFIELD Corp ON purchased a new stake in Host Hotels & Resorts during the 1st quarter valued at about $25,000. Blue Trust Inc. raised its stake in shares of Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after acquiring an additional 1,002 shares during the period. Global X Japan Co. Ltd. acquired a new position in Host Hotels & Resorts during the second quarter worth $30,000. Farther Finance Advisors LLC lifted its stake in Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after acquiring an additional 867 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new stake in Host Hotels & Resorts during the second quarter worth about $51,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

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.