Zacks Reiterates “Hold” Rating for Host Hotels & Resorts (HST)
Host Hotels & Resorts (NYSE:HST)‘s stock had its “hold” rating reaffirmed by Zacks in a research report issued to clients and investors on Thursday, American Banking News.com reports. They currently have a $18.00 target price on the stock. Zacks‘ price objective indicates a potential upside of 2.16% from the stock’s previous close.
A number of other firms have also recently commented on HST. Analysts at Goldman Sachs Group Inc. raised their price target on shares of Host Hotels & Resorts from $18.50 to $19.00 in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Separately, 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. 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 given a buy rating and one has assigned a strong buy rating to the company’s stock. Host Hotels & Resorts has a consensus rating of “Buy” and an average target price of $19.47.
Shares of Host Hotels & Resorts (NYSE:HST) traded up 3.10% on Thursday, hitting $17.62. The stock had a trading volume of 5,855,222 shares. Host Hotels & Resorts has a 1-year low of $13.58 and a 1-year high of $19.03. The stock has a 50-day moving average of $17.71 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 posted its quarterly earnings results 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. Investors 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 an increase 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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