Host Hotels & Resorts, Inc. (NASDAQ:HST) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have received a consensus rating of “Moderate Buy” from the fourteen brokerages that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and ten have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $21.21.

Several research firms recently weighed in on HST. JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday. Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th. Stifel Nicolaus decreased their price objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th.

Host Hotels & Resorts Trading Down 1.1 %

Shares of Host Hotels & Resorts stock opened at $17.26 on Friday. Host Hotels & Resorts has a 52-week low of $15.71 and a 52-week high of $21.31. The stock’s 50-day simple moving average is $17.72 and its 200 day simple moving average is $17.71. The stock has a market capitalization of $12.07 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.61 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm 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 firm posted $0.41 earnings per share. The company’s revenue was up 8.6% on a year-over-year basis. As a group, research analysts anticipate that Host Hotels & Resorts will post 1.96 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date was Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. Host Hotels & Resorts’s payout ratio is presently 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

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

Host Hotels & Resorts Company Profile

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.