Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $21.39.

Several equities research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Host Hotels & Resorts from $21.00 to $22.00 and gave the company an “overweight” rating in a research note on Monday. Truist Financial decreased their price target on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Finally, Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th.

Host Hotels & Resorts Trading Up 0.7 %

Host Hotels & Resorts stock opened at $19.07 on Wednesday. Host Hotels & Resorts has a 12 month low of $15.71 and a 12 month high of $21.31. The stock has a market cap of $13.33 billion, a price-to-earnings ratio of 18.51 and a beta of 1.32. The business has a 50 day moving average price of $17.87 and a two-hundred day moving average price of $17.67. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data 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 net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts forecast that Host Hotels & Resorts will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company 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. This represents a $0.80 annualized dividend and a dividend yield of 4.20%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 77.67%.

Institutional Trading of Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of HST. Blue Trust Inc. increased its position in shares of Host Hotels & Resorts by 212.7% in the second 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 last quarter. Global X Japan Co. Ltd. acquired a new position in Host Hotels & Resorts during the second quarter worth approximately $30,000. Farther Finance Advisors LLC increased its position in Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after buying an additional 867 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Host Hotels & Resorts in the second quarter valued at approximately $51,000. Finally, Family Firm Inc. bought a new stake in shares of Host Hotels & Resorts in the second quarter valued at approximately $56,000. 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.