Deutsche Bank Reiterates “$23.00” Price Target for Host Hotels and Resorts (HST)

Host Hotels and Resorts (NYSE:HST) received a $23.00 price target from equities research analysts at Deutsche Bank in a research report issued to clients and investors on Friday. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Deutsche Bank’s target price points to a potential upside of 17.83% from the company’s current price.

A number of other research analysts have also issued reports on the company. Raymond James Financial upgraded Host Hotels and Resorts from a “market perform” rating to an “outperform” rating and set a $22.00 target price for the company in a report on Monday, January 8th. BTIG Research upgraded Host Hotels and Resorts from a “neutral” rating to a “buy” rating and set a $22.00 price target on the stock in a research note on Monday, December 4th. Robert W. Baird set a $21.00 price target on Host Hotels and Resorts and gave the company a “buy” rating in a research note on Friday, December 1st. Wolfe Research initiated coverage on Host Hotels and Resorts in a research note on Wednesday, November 29th. They issued a “market perform” rating on the stock. Finally, Zacks Investment Research upgraded Host Hotels and Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $20.63.

Host Hotels and Resorts (HST) traded up $0.77 during trading hours on Friday, reaching $19.52. The company had a trading volume of 10,659,249 shares, compared to its average volume of 5,906,018. The stock has a market capitalization of $13,876.65, a price-to-earnings ratio of 24.40, a PEG ratio of 2.28 and a beta of 1.26. Host Hotels and Resorts has a 52-week low of $17.26 and a 52-week high of $21.53. The company has a debt-to-equity ratio of 0.56, a quick ratio of 3.62 and a current ratio of 3.62.

In other news, EVP Elizabeth A. Abdoo sold 60,000 shares of Host Hotels and Resorts stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $20.45, for a total transaction of $1,227,000.00. Following the sale, the executive vice president now owns 168,905 shares in the company, valued at $3,454,107.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.70% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of HST. Janus Henderson Group PLC increased its position in shares of Host Hotels and Resorts by 446.0% during the second quarter. Janus Henderson Group PLC now owns 569,957 shares of the real estate investment trust’s stock worth $10,413,000 after purchasing an additional 465,564 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in shares of Host Hotels and Resorts by 2,038.5% during the second quarter. Cubist Systematic Strategies LLC now owns 17,814 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 16,981 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Host Hotels and Resorts by 2.9% during the second quarter. The Manufacturers Life Insurance Company now owns 776,141 shares of the real estate investment trust’s stock worth $14,180,000 after purchasing an additional 22,168 shares in the last quarter. Nomura Holdings Inc. acquired a new stake in shares of Host Hotels and Resorts during the second quarter worth about $1,024,000. Finally, Piedmont Investment Advisors LLC increased its position in shares of Host Hotels and Resorts by 3.6% during the second quarter. Piedmont Investment Advisors LLC now owns 357,062 shares of the real estate investment trust’s stock worth $6,524,000 after purchasing an additional 12,501 shares in the last quarter.

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About Host Hotels and 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.

Analyst Recommendations for Host Hotels and Resorts (NYSE:HST)

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