Host Hotels & Resorts (NASDAQ:HST) Given New $20.00 Price Target at Wells Fargo & Company

Host Hotels & Resorts (NASDAQ:HST) had its price target reduced by Wells Fargo & Company from $22.00 to $20.00 in a research note released on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on the stock. Stifel Nicolaus decreased their price target on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Finally, UBS Group reduced their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, Host Hotels & Resorts currently has a consensus rating of “Hold” and a consensus price target of $20.54.

Host Hotels & Resorts Stock Up 4.0 %

Shares of Host Hotels & Resorts stock opened at $17.05 on Tuesday. Host Hotels & Resorts has a 52-week low of $15.71 and a 52-week high of $21.31. The company has a 50 day moving average of $17.30 and a 200 day moving average of $17.48. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.92 billion, a P/E ratio of 16.55 and a beta of 1.30.

Host Hotels & Resorts Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.20 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.69%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Institutional Trading of Host Hotels & Resorts

Institutional investors and hedge funds have recently bought and sold shares of the business. National Pension Service acquired a new position in Host Hotels & Resorts in the 4th quarter valued at $26,000. Jones Financial Companies Lllp increased its stake in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after buying an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB increased its stake in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after buying an additional 991 shares during the period. Kestra Investment Management LLC acquired a new position in Host Hotels & Resorts in the 4th quarter valued at $40,000. Finally, Eastern Bank acquired a new position in Host Hotels & Resorts in the 4th quarter valued at $45,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.