Host Hotels and Resorts Stock Rating Reaffirmed by Zacks (HST)
Host Hotels and Resorts (NYSE:HST)‘s stock had its “neutral” rating reaffirmed by Zacks in a report released on Thursday. They currently have a $23.00 target price on the stock. Zacks‘s target price indicates a potential upside of 2.82% from the company’s current price.
Zacks’ analyst wrote, “Host Hotels will report its second-quarter 2014 results on Jul 31, before the opening bell. The company’s first-quarter 2014 adjusted FFO per share exceeded the Zacks Consensus Estimate and the year-ago quarter figure on rise in comparable hotel Revenue Per Available Room (RevPAR) and food and beverage operations. Also, the company upped its 2014 guidance. We believe that given its solid portfolio, the company is poised to deliver improved results in the quarters ahead too. The strategic portfolio restructuring activities bode well for Host Hotels’ long-term growth. Also, the dividend hike for the 14th consecutive time boosts investors’ confidence in the stock. For the company, the West Coast market remains attractive with strong lodging demand and lower supply. Yet, headwinds from the East Coast, especially high supply growth in the New York market are likely to temper its growth momentum. Also, high concentration in the upper-scale and luxury segments makes its operations vulnerable to economic downturns.”
Host Hotels and Resorts (NYSE:HST) traded up 1.03% during mid-day trading on Thursday, hitting $22.60. 7,135,341 shares of the company’s stock traded hands. Host Hotels and Resorts has a 52 week low of $16.40 and a 52 week high of $22.83. The stock has a 50-day moving average of $22.10 and a 200-day moving average of $20.49. The company has a market cap of $17.107 billion and a P/E ratio of 38.17.
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 $1.45 EPS for the current fiscal year.
A number of other firms have also recently commented on HST. Analysts at Nomura raised their price target on shares of Host Hotels and Resorts from $22.00 to $26.00 in a research note on Friday, May 30th. Separately, analysts at Cowen and Company raised their price target on shares of Host Hotels and Resorts from $23.00 to $24.00 in a research note on Monday, May 12th. Finally, 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. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Host Hotels and Resorts presently has a consensus rating of “Buy” and an average price target of $22.13.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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