Stifel Nicolaus Issues Pessimistic Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST) had its target price cut by Stifel Nicolaus from $21.00 to $20.50 in a report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

A number of other research analysts have also issued reports on the company. UBS Group lowered their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, November 15th. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a report on Wednesday, September 4th. Wells Fargo & Company reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, September 13th. Evercore ISI dropped their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Finally, StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.18.

Host Hotels & Resorts Price Performance

Shares of NASDAQ HST opened at $18.42 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $12.88 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.65 and a beta of 1.32. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The business has a 50 day simple moving average of $17.81 and a 200-day simple moving average of $17.66.

Host Hotels & Resorts (NASDAQ:HST) last released 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). The company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.41 EPS. As a group, equities research analysts expect that Host Hotels & Resorts will post 1.94 earnings per share for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.34%. Host Hotels & Resorts’s payout ratio is presently 77.67%.

Institutional Trading of Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. lifted its holdings in Host Hotels & Resorts by 645.5% during the 1st quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after purchasing an additional 55,775 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of Host Hotels & Resorts during the 1st quarter worth approximately $371,000. EntryPoint Capital LLC acquired a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at $95,000. Quadrature Capital Ltd raised its stake in Host Hotels & Resorts by 3.0% during the first quarter. Quadrature Capital Ltd now owns 27,490 shares of the company’s stock worth $568,000 after acquiring an additional 790 shares in the last quarter. Finally, Lazard Asset Management LLC increased its position in Host Hotels & Resorts by 111.7% during the 1st quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock worth $33,963,000 after purchasing an additional 866,530 shares in the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.