Host Hotels and Resorts Price Target Raised to $24.00 at Raymond James (HST)
Equities research analysts at Raymond James hoisted their target price on shares of Host Hotels and Resorts (NYSE:HST) from $23.00 to $24.00 in a research note issued to investors on Friday. The firm currently has an “outperform” rating on the stock. Raymond James’ target price points to a potential upside of 9.74% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Host Hotels and Resorts in a research note on Friday. They now have a $23.00 price target on the stock, up previously from $22.00. Separately, analysts at Susquehanna raised their price target on shares of Host Hotels and Resorts from $24.00 to $26.00 in a research note on Wednesday, July 23rd. They now have a “neutral” rating on the stock. Finally, analysts at Robert W. Baird raised their price target on shares of Host Hotels and Resorts from $22.00 to $24.00 in a research note on Wednesday, July 23rd. Nine equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Host Hotels and Resorts presently has an average rating of “Hold” and a consensus target price of $23.05.
Host Hotels and Resorts (NYSE:HST) traded down 0.51% on Friday, hitting $21.63. 6,467,277 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 $23.25. The stock’s 50-day moving average is $22.43 and its 200-day moving average is $20.88. The company has a market cap of $16.373 billion and a P/E ratio of 37.10. Host Hotels and Resorts also was the target of a large decrease in short interest in the month of July. As of July 15th, there was short interest totalling 35,368,756 shares, a decrease of 13.9% from the June 30th total of 41,070,891 shares. Currently, 4.8% of the company’s shares are short sold. Based on an average daily volume of 5,476,079 shares, the days-to-cover ratio is presently 6.5 days.
Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.43 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.43. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.44 billion. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Host Hotels and Resorts will post $1.54 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.66%. The ex-dividend date is Friday, September 26th. This is an increase from Host Hotels and Resorts’s previous quarterly dividend of $0.15.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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