Host Hotels & Resorts’ (HST) “Buy” Rating Reaffirmed at Robert W. Baird
Host Hotels & Resorts, Inc. (NYSE:HST)‘s stock had its “buy” rating restated by Robert W. Baird in a research report issued on Friday. They currently have a $20.00 price target on the real estate investment trust’s stock. Robert W. Baird’s price target points to a potential upside of 10.19% from the company’s previous close.
Several other equities research analysts have also recently commented on the company. Boenning Scattergood raised Host Hotels & Resorts from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a report on Thursday, August 24th. BidaskClub cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Friday, August 11th. Zacks Investment Research cut Host Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Barclays PLC reaffirmed a “hold” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a report on Friday, July 28th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $20.00 price target on shares of Host Hotels & Resorts in a report on Wednesday, June 7th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $18.33.
Shares of Host Hotels & Resorts (NYSE HST) traded up 1.17% during mid-day trading on Friday, reaching $18.15. The company had a trading volume of 7,505,688 shares. The company has a market capitalization of $13.43 billion, a price-to-earnings ratio of 22.46 and a beta of 1.33. Host Hotels & Resorts has a 52 week low of $14.69 and a 52 week high of $20.21. The stock has a 50 day moving average of $18.06 and a 200-day moving average of $18.24.
Host Hotels & Resorts (NYSE:HST) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.03. Host Hotels & Resorts had a return on equity of 8.47% and a net margin of 11.09%. The business had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $0.49 earnings per share. The business’s revenue was down 1.2% compared to the same quarter last year. On average, analysts expect that Host Hotels & Resorts will post $0.79 earnings per share for the current fiscal year.
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In related news, EVP Joanne G. Hamilton sold 3,069 shares of Host Hotels & Resorts stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $19.01, for a total value of $58,341.69. Following the completion of the transaction, the executive vice president now directly owns 43,035 shares in the company, valued at $818,095.35. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.70% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in HST. Mckinley Capital Management LLC Delaware purchased a new position in Host Hotels & Resorts in the second quarter valued at $100,000. Muzinich & Co. Inc. purchased a new position in Host Hotels & Resorts in the first quarter valued at $127,000. Global X Management Co. LLC boosted its holdings in Host Hotels & Resorts by 34.7% in the first quarter. Global X Management Co. LLC now owns 9,931 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 2,556 shares during the period. Cambridge Investment Research Advisors Inc. purchased a new position in Host Hotels & Resorts in the second quarter valued at $190,000. Finally, Meeder Asset Management Inc. purchased a new position in Host Hotels & Resorts in the first quarter valued at $194,000.
About Host Hotels & Resorts
Host Hotels & Resorts, Inc (Host Inc) operates as a self-managed and self-administered real estate investment trust (REIT). The Company operates through hotel ownership segment. The Company operates through hotel ownership segment. The Company owned properties and conducted operations through Host Hotels & Resorts, L.P.
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