Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $21.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective increased by Truist Financial from $19.00 to $21.00 in a research note published on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the stock.

Several other brokerages also recently weighed in on HST. UBS Group boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Monday, September 22nd. Evercore ISI downgraded Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price objective for the company. in a research note on Tuesday, November 11th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $22.00 in a report on Friday, November 7th. JPMorgan Chase & Co. increased their target price on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. Finally, Wells Fargo & Company raised Host Hotels & Resorts to a “strong-buy” rating in a report on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.54.

Host Hotels & Resorts Stock Up 0.6%

Shares of Host Hotels & Resorts stock opened at $17.26 on Thursday. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.36. The company has a market capitalization of $11.87 billion, a P/E ratio of 16.44 and a beta of 1.18. The company has a 50 day moving average of $16.94 and a 200 day moving average of $16.49.

Host Hotels & Resorts (NASDAQ:HST) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. The business had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. Host Hotels & Resorts had a net margin of 12.43% and a return on equity of 11.11%. The company’s revenue was up .9% on a year-over-year basis. During the same period last year, the business earned $0.36 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. As a group, research analysts forecast that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.6%. Host Hotels & Resorts’s dividend payout ratio is presently 76.19%.

Institutional Trading of Host Hotels & Resorts

A number of large investors have recently made changes to their positions in HST. Norges Bank acquired a new position in shares of Host Hotels & Resorts in the second quarter valued at approximately $554,669,000. Caisse de depot et placement du Quebec grew its stake in Host Hotels & Resorts by 475.8% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 7,061,055 shares of the company’s stock worth $120,179,000 after acquiring an additional 5,834,750 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in Host Hotels & Resorts by 96.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 10,390,395 shares of the company’s stock valued at $176,845,000 after acquiring an additional 5,096,099 shares during the last quarter. Nuveen LLC purchased a new position in shares of Host Hotels & Resorts during the 1st quarter worth $69,989,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Host Hotels & Resorts by 508.0% during the third quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 5,631,541 shares of the company’s stock worth $95,849,000 after purchasing an additional 4,705,282 shares during the last quarter. Institutional investors and hedge funds own 98.52% of the company’s stock.

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.