Host Hotels and Resorts Inc (HST) Receives Average Rating of “Buy” from Analysts

Host Hotels and Resorts Inc (NYSE:HST) has received an average rating of “Buy” from the sixteen research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $21.86.

HST has been the topic of a number of recent analyst reports. Deutsche Bank set a $23.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research note on Saturday, November 3rd. Wells Fargo & Co set a $22.00 price target on shares of Host Hotels and Resorts and gave the company a “buy” rating in a research note on Tuesday, November 13th. Zacks Investment Research upgraded shares of Host Hotels and Resorts from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Friday, October 5th. Finally, Robert W. Baird upped their price target on shares of Host Hotels and Resorts from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, August 9th.

Several hedge funds have recently added to or reduced their stakes in the company. Carnegie Capital Asset Management LLC boosted its holdings in shares of Host Hotels and Resorts by 27.1% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 80,530 shares of the real estate investment trust’s stock valued at $1,561,000 after acquiring an additional 17,154 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Host Hotels and Resorts by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 122,326,213 shares of the real estate investment trust’s stock valued at $2,581,083,000 after acquiring an additional 1,747,770 shares during the last quarter. Matthew Goff Investment Advisor LLC purchased a new stake in Host Hotels and Resorts during the third quarter worth $434,000. Morgan Stanley boosted its holdings in Host Hotels and Resorts by 33.1% during the third quarter. Morgan Stanley now owns 13,485,722 shares of the real estate investment trust’s stock worth $284,549,000 after buying an additional 3,350,658 shares in the last quarter. Finally, Legal & General Group Plc boosted its holdings in Host Hotels and Resorts by 3.6% during the third quarter. Legal & General Group Plc now owns 5,978,392 shares of the real estate investment trust’s stock worth $126,150,000 after buying an additional 208,214 shares in the last quarter. 98.93% of the stock is currently owned by institutional investors and hedge funds.

Shares of Host Hotels and Resorts stock opened at $19.00 on Monday. The company has a current ratio of 5.32, a quick ratio of 5.32 and a debt-to-equity ratio of 0.55. Host Hotels and Resorts has a 12-month low of $17.93 and a 12-month high of $22.47. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 2.17 and a beta of 1.24.

Host Hotels and Resorts (NYSE:HST) last issued its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.08. Host Hotels and Resorts had a net margin of 15.91% and a return on equity of 12.21%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.33 EPS. Host Hotels and Resorts’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts forecast that Host Hotels and Resorts will post 1.76 EPS for the current year.

Host Hotels and Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 88 properties in the United States and five properties internationally totaling approximately 52,000 rooms.

Read More: What are earnings reports?

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

Receive News & Ratings for Host Hotels and Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Host Hotels and Resorts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply