Host Hotels & Resorts Downgraded by RBC Capital to “Outperform” (HST)
Host Hotels & Resorts (NYSE:HST) was downgraded by research analysts at RBC Capital from a “top pick” rating to an “outperform” rating in a report released on Monday, TheFlyOnTheWall.com reports. They currently have a $21.00 target price on the stock. RBC Capital’s target price points to a potential upside of 9.78% from the company’s current price. The analysts noted that the move was a valuation call.
Other equities research analysts have also recently issued reports about the stock. Analysts at Nomura upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 16th. They now have a $22.00 price target on the stock, up previously from $21.00. Separately, analysts at TheStreet downgraded shares of Host Hotels & Resorts to a “hold” rating in a research note to investors on Monday, December 9th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Host Hotels & Resorts in a research note to investors on Wednesday, December 4th. They now have a $19.00 price target on the stock. Seven analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $20.06.
Host Hotels & Resorts (NYSE:HST) opened at 19.13 on Monday. Host Hotels & Resorts has a one year low of $15.60 and a one year high of $19.57. The stock’s 50-day moving average is $18.67 and its 200-day moving average is $18.01. The company has a market cap of $14.468 billion and a price-to-earnings ratio of 70.55.
Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.25 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.27 by $0.02. The company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the company posted $0.21 earnings per share. Host Hotels & Resorts’s revenue was up 5.6% compared to the same quarter last year. On average, analysts predict that Host Hotels & Resorts will post $1.30 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.13 per share. This represents a $0.52 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date of this dividend is Friday, December 27th. This is a positive change from Host Hotels & Resorts’s previous quarterly dividend of $0.12.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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