Host Hotels & Resorts PT Raised to $19.00 at Goldman Sachs Group Inc. (HST)
Equities research analysts at Goldman Sachs Group Inc. hoisted their price objective on shares of Host Hotels & Resorts (NYSE:HST) from $18.50 to $19.00 in a research note issued to investors on Thursday, Stock Ratings News reports. The firm currently has a “neutral” rating on the stock. Goldman Sachs Group Inc.’s price objective points to a potential upside of 7.83% from the stock’s previous close.
A number of other firms have also recently commented on HST. Analysts at Cowen and Company cut their price target on shares of Host Hotels & Resorts from $25.00 to $22.00 in a research note to investors on Thursday, September 12th. They now have an “outperform” rating on the stock. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Host Hotels & Resorts in a research note to investors on Friday, September 6th. They now have a $18.00 price target on the stock. Finally, analysts at Deutsche Bank raised their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 in a research note to investors on Thursday, August 22nd. Eight analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.47.
Host Hotels & Resorts (NYSE:HST) traded up 3.10% on Thursday, hitting $17.62. 5,855,222 shares of the company’s stock traded hands. Host Hotels & Resorts has a one year low of $13.58 and a one year high of $19.03. The stock has a 50-day moving average of $17.66 and a 200-day moving average of $17.67. The company has a market cap of $13.216 billion and a price-to-earnings ratio of 81.77.
Host Hotels & Resorts (NYSE:HST) last released its earnings data on Friday, August 2nd. The company reported $0.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.42 by $0.03. The company had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the company posted $0.34 earnings per share. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Analysts expect that Host Hotels & Resorts will post $1.28 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 26th. This is a boost from Host Hotels & Resorts’s previous quarterly dividend of $0.11.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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