Host Hotels & Resorts (NASDAQ:HST) Downgraded to Neutral Rating by Compass Point

Compass Point downgraded shares of Host Hotels & Resorts (NASDAQ:HST) from a buy rating to a neutral rating in a report issued on Monday morning, Marketbeat reports. They currently have $18.00 price objective on the stock, down from their previous price objective of $20.00.

Several other analysts have also recently weighed in on HST. Stifel Nicolaus dropped 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. Wells Fargo & Company lowered their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. UBS Group reduced their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Raymond James cut their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 18th. Finally, StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Hold” and an average price target of $20.21.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $15.90 on Monday. The stock’s fifty day moving average price is $16.72 and its 200 day moving average price is $17.46. Host Hotels & Resorts has a 1 year low of $15.65 and a 1 year high of $21.27. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 16.06 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. As a group, equities research analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.03%. Host Hotels & Resorts’s payout ratio is 80.81%.

Institutional Trading of Host Hotels & Resorts

A number of large investors have recently added to or reduced their stakes in the business. Freedom Investment Management Inc. increased its stake in shares of Host Hotels & Resorts by 2.9% during the 4th quarter. Freedom Investment Management Inc. now owns 22,216 shares of the company’s stock worth $389,000 after purchasing an additional 622 shares during the last quarter. Savant Capital LLC lifted its stake in shares of Host Hotels & Resorts by 2.7% in the fourth quarter. Savant Capital LLC now owns 24,404 shares of the company’s stock valued at $428,000 after buying an additional 634 shares during the period. Evergreen Wealth Solutions LLC grew its position in Host Hotels & Resorts by 5.3% during the fourth quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company’s stock worth $227,000 after buying an additional 651 shares in the last quarter. Ascent Group LLC raised its position in Host Hotels & Resorts by 4.4% in the fourth quarter. Ascent Group LLC now owns 16,549 shares of the company’s stock worth $290,000 after purchasing an additional 703 shares in the last quarter. Finally, Atlantic Edge Private Wealth Management LLC grew its stake in shares of Host Hotels & Resorts by 1.0% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 74,014 shares of the company’s stock valued at $1,297,000 after purchasing an additional 746 shares during the period. 98.52% of the stock is currently owned by institutional investors.

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.