Host Hotels & Resorts (NASDAQ:HST) Hits New 12-Month Low After Analyst Downgrade

Host Hotels & Resorts, Inc. (NASDAQ:HST) reached a new 52-week low during trading on Friday after Truist Financial lowered their price target on the stock from $20.00 to $17.00. Truist Financial currently has a hold rating on the stock. Host Hotels & Resorts traded as low as $14.25 and last traded at $14.40, with a volume of 2556017 shares trading hands. The stock had previously closed at $14.96.

A number of other analysts also recently issued reports on HST. Compass Point downgraded Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Citigroup lowered their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a report on Monday, March 17th. Morgan Stanley upgraded Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $16.00 to $15.00 in a research note on Friday. Raymond James decreased their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research note on Tuesday, February 18th. Finally, UBS Group decreased their target price on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $19.54.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. National Pension Service purchased a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its stake in shares of Host Hotels & Resorts by 202.6% during the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after acquiring an additional 1,088 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Host Hotels & Resorts by 94.9% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after acquiring an additional 991 shares during the last quarter. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the 4th quarter worth about $40,000. Finally, Eastern Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Trading Down 1.8 %

The business has a 50 day simple moving average of $16.32 and a 200-day simple moving average of $17.30. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 14.84 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last released its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.29. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. On average, equities analysts predict that Host Hotels & Resorts, Inc. will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The business 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 is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.45%. Host Hotels & Resorts’s payout ratio is currently 80.81%.

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.