Host Hotels and Resorts Given New $25.00 Price Target at RBC Capital (HST)
Research analysts at RBC Capital boosted their price objective on shares of Host Hotels and Resorts (NYSE:HST) from $23.00 to $25.00 in a report released on Tuesday. RBC Capital’s price target suggests a potential upside of 14.21% from the stock’s previous close.
Host Hotels and Resorts (NYSE:HST) traded down 1.73% during mid-day trading on Tuesday, hitting $21.58. 6,442,088 shares of the company’s stock traded hands. Host Hotels and Resorts has a one year low of $16.40 and a one year high of $23.25. The stock has a 50-day moving average of $22.41 and a 200-day moving average of $20.94. The company has a market cap of $16.341 billion and a P/E ratio of 35.25. 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. Based on an average daily trading volume, of 5,476,079 shares, the days-to-cover ratio is currently 6.5 days. Approximately 4.8% of the shares of the stock are short sold.
Host Hotels and Resorts (NYSE:HST) last released its 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. Analysts expect that Host Hotels and Resorts will post $1.46 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Stockholders 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 3.65%. The ex-dividend date is Friday, September 26th. This is a boost from Host Hotels and Resorts’s previous quarterly dividend of $0.15.
Other equities research analysts have also recently issued reports about the stock. Analysts at JMP Securities reiterated a “market outperform” rating on shares of Host Hotels and Resorts in a research note on Friday. They now have a $24.00 price target on the stock, up previously from $23.00. Separately, analysts at Raymond James raised their price target on shares of Host Hotels and Resorts from $23.00 to $24.00 in a research note on Friday. They now have an “outperform” rating on the stock. Finally, 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. Nine investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Host Hotels and Resorts currently has an average rating of “Hold” and a consensus target price of $23.26.
Host Hotels & Resorts, Inc (NYSE:HST), incorporated on September 28, 1998 operates as a self-managed and self-administered REIT.
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