Host Hotels and Resorts Receives Equal Weight Rating from Barclays (HST)
Host Hotels and Resorts (NYSE:HST)‘s stock had its “equal weight” rating reaffirmed by stock analysts at Barclays in a report issued on Friday. They currently have a $23.00 price target on the stock, up from their previous price target of $22.00. Barclays’ price objective indicates a potential upside of 5.17% from the stock’s previous close.
Host Hotels and Resorts (NYSE:HST) remained flat at $21.74 during trading on Friday. 4,305,703 shares of the company’s stock traded hands. Host Hotels and Resorts has a 1-year low of $16.40 and a 1-year high of $23.25. The stock’s 50-day moving average is $22.44 and its 200-day moving average is $20.87. The company has a market cap of $16.456 billion and a P/E ratio of 37.10. Host Hotels and Resorts also was the target of a large decline in short interest during the month of July. As of July 15th, there was short interest totalling 35,368,756 shares, a decline of 13.9% from the June 30th total of 41,070,891 shares. Based on an average daily volume of 5,476,079 shares, the short-interest ratio is currently 6.5 days. Currently, 4.8% of the shares of the company are short sold.
Host Hotels and Resorts (NYSE:HST) last announced its earnings results 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. Analysts expect that Host Hotels and Resorts will post $1.54 EPS 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%.
HST has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at ISI Group initiated coverage on shares of Host Hotels and Resorts in a research note on Wednesday, July 23rd. They set a “neutral” rating and a $22.00 price target on the stock. Nine analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $22.83.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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