Share on StockTwits

Cowen and Company increased their price objective on shares of Host Hotels and Resorts (NYSE:HST) from $23.00 to $24.00 in a research note issued on Monday, AnalystRatingsNetwork.com reports. Cowen and Company’s target price points to a potential upside of 11.99% from the company’s current price.

A number of other firms have also recently commented on HST. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Host Hotels and Resorts in a research note on Wednesday, May 7th. They now have a $24.00 price target on the stock, up previously from $22.00. Separately, analysts at RBC Capital raised their price target on shares of Host Hotels and Resorts from $21.00 to $23.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Finally, analysts at SunTrust downgraded shares of Host Hotels and Resorts from a “buy” rating to a “neutral” rating in a research note on Monday, May 5th. They now have a $22.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $21.63.

In other Host Hotels and Resorts news, CEO W Edward Walter unloaded 200,000 shares of the stock on the open market in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $21.31, for a total transaction of $4,262,000.00. Following the sale, the chief executive officer now directly owns 436,895 shares of the company’s stock, valued at approximately $9,310,232. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Host Hotels and Resorts (NYSE:HST) traded up 1.31% on Monday, hitting $21.71. The stock had a trading volume of 2,710,680 shares. Host Hotels and Resorts has a one year low of $15.60 and a one year high of $21.71. The stock’s 50-day moving average is $20.72 and its 200-day moving average is $19.42. The company has a market cap of $16.433 billion and a P/E ratio of 36.57.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.33 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.03. The company had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts expect that Host Hotels and Resorts will post $1.44 EPS for the current fiscal year.

Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.