Host Hotels & Resorts Inc. (HST) Stock Rating Reaffirmed by Stifel Nicolaus
Host Hotels & Resorts Inc. (NYSE:HST)‘s stock had its “buy” rating reiterated by analysts at Stifel Nicolaus in a note issued to investors on Friday. They presently have a $17.50 price target on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 12.54% from the stock’s current price.
Several other equities analysts have also issued reports on the company. Citigroup Inc. cut their price target on Host Hotels & Resorts from $20.00 to $16.75 and set a “buy” rating on the stock in a research note on Wednesday. Zacks Investment Research lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Monday. Goldman Sachs Group Inc. began coverage on Host Hotels & Resorts in a research note on Monday, September 26th. They set a “neutral” rating and a $15.00 price target on the stock. BTIG Research began coverage on Host Hotels & Resorts in a research note on Thursday, August 25th. They set a “neutral” rating on the stock. Finally, Argus increased their target price on Host Hotels & Resorts from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, August 24th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have assigned a buy rating to the stock. Host Hotels & Resorts has a consensus rating of “Hold” and an average price target of $17.63.
Shares of Host Hotels & Resorts (NYSE:HST) traded down 0.032% during midday trading on Friday, hitting $15.545. 1,448,351 shares of the company were exchanged. The company’s 50 day moving average price is $16.72 and its 200 day moving average price is $16.41. The firm has a market cap of $11.54 billion, a P/E ratio of 14.976 and a beta of 1.57. Host Hotels & Resorts has a one year low of $12.17 and a one year high of $18.56.
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Host Hotels & Resorts (NYSE:HST) last issued its quarterly earnings results on Friday, July 29th. The company reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Host Hotels & Resorts had a return on equity of 10.97% and a net margin of 14.34%. The business had revenue of $1.46 billion for the quarter, compared to analyst estimates of $1.47 billion. During the same quarter in the prior year, the firm posted $0.46 earnings per share. The firm’s revenue for the quarter was up 1.4% compared to the same quarter last year. Equities analysts expect that Host Hotels & Resorts will post $1.65 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be issued a $0.20 dividend. The ex-dividend date is Wednesday, September 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.14%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 76.92%.
In other news, CFO Gregory J. Larson sold 40,000 shares of the business’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $18.22, for a total value of $728,800.00. Following the sale, the chief financial officer now directly owns 124,929 shares in the company, valued at approximately $2,276,206.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Brian G. Macnamara sold 6,000 shares of the business’s stock in a transaction dated Tuesday, August 2nd. The stock was sold at an average price of $17.51, for a total transaction of $105,060.00. Following the completion of the sale, the senior vice president now owns 59,172 shares in the company, valued at $1,036,101.72. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Legal & General Group Plc increased its stake in Host Hotels & Resorts by 4.2% in the first quarter. Legal & General Group Plc now owns 4,623,233 shares of the company’s stock worth $77,204,000 after buying an additional 184,359 shares during the period. Mn Services Vermogensbeheer B.V. increased its stake in Host Hotels & Resorts by 2.1% in the second quarter. Mn Services Vermogensbeheer B.V. now owns 19,005 shares of the company’s stock worth $277,000 after buying an additional 392 shares during the period. DNB Asset Management AS increased its stake in Host Hotels & Resorts by 1.6% in the second quarter. DNB Asset Management AS now owns 138,696 shares of the company’s stock worth $2,248,000 after buying an additional 2,200 shares during the period. Strs Ohio increased its stake in Host Hotels & Resorts by 6.6% in the second quarter. Strs Ohio now owns 3,724,999 shares of the company’s stock worth $60,382,000 after buying an additional 229,528 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in Host Hotels & Resorts by 10.6% in the first quarter. Envestnet Asset Management Inc. now owns 374,580 shares of the company’s stock worth $6,255,000 after buying an additional 35,910 shares during the period.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust. The Company operates through hotel ownership segment. The Company owns properties and conducts operations through Host Hotels & Resorts, L.P., in which the Company holds approximately 99% of the partnership interests (OP units).
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