Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $18.90 Average Target Price from Brokerages

Host Hotels & Resorts, Inc. (NASDAQ:HST) has received a consensus recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $18.90.

A number of brokerages have recently weighed in on HST. Wells Fargo & Company lowered their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. UBS Group decreased their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Truist Financial lowered their price objective on Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Citigroup reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating for the company in a research report on Monday, March 17th. Finally, Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of HST. National Pension Service bought a new stake in shares of Host Hotels & Resorts in the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp raised its position in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after purchasing an additional 1,088 shares during the period. NBC Securities Inc. raised its position in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock worth $26,000 after purchasing an additional 1,852 shares during the period. MassMutual Private Wealth & Trust FSB lifted its stake in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares during the last quarter. Finally, Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts during the fourth quarter valued at about $40,000. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Up 6.3%

HST stock opened at $15.70 on Friday. The company has a market cap of $10.89 billion, a price-to-earnings ratio of 15.86 and a beta of 1.29. Host Hotels & Resorts has a twelve month low of $12.22 and a twelve month high of $19.37. The business has a 50 day moving average price of $14.36 and a two-hundred day moving average price of $16.35. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period last year, the business posted $0.60 EPS. Host Hotels & Resorts’s revenue was up 8.4% on a year-over-year basis. Analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 5.10%. The ex-dividend date of this dividend was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is currently 83.33%.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.