Host Hotels & Resorts (NASDAQ:HST) Lowered to “Sell” Rating by StockNews.com

Host Hotels & Resorts (NASDAQ:HST) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Thursday.

A number of other analysts have also recently weighed in on the company. Wells Fargo & Company cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Stifel Nicolaus lowered their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Truist Financial reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research report on Wednesday, September 4th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their price objective for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Finally, Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and increased their price objective for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Price Performance

HST stock opened at $17.26 on Thursday. The business’s 50-day moving average is $17.72 and its two-hundred day moving average is $17.71. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55. The firm has a market capitalization of $12.07 billion, a P/E ratio of 16.76, a P/E/G ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts has a 1 year low of $15.71 and a 1 year high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the business earned $0.41 EPS. The firm’s revenue was up 8.6% compared to the same quarter last year. Analysts anticipate that Host Hotels & Resorts will post 1.96 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Host Hotels & Resorts

Several institutional investors have recently made changes to their positions in the stock. Janney Montgomery Scott LLC boosted its position in Host Hotels & Resorts by 34.4% during the first quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company’s stock worth $414,000 after purchasing an additional 5,124 shares in the last quarter. Empowered Funds LLC grew its stake in Host Hotels & Resorts by 14.6% in the 1st quarter. Empowered Funds LLC now owns 41,347 shares of the company’s stock valued at $855,000 after acquiring an additional 5,280 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in Host Hotels & Resorts by 23.9% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock worth $4,224,000 after acquiring an additional 39,340 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Host Hotels & Resorts by 4.0% in the first quarter. State Board of Administration of Florida Retirement System now owns 882,327 shares of the company’s stock valued at $18,247,000 after purchasing an additional 34,179 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Host Hotels & Resorts by 13.3% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,300,050 shares of the company’s stock valued at $26,885,000 after purchasing an additional 152,337 shares during the last quarter. 98.52% of the stock is currently owned by hedge funds and other institutional investors.

Host Hotels & 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 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.