Host Hotels & Resorts (NASDAQ:HST) Given New $20.00 Price Target at UBS Group

Host Hotels & Resorts (NASDAQ:HST) had its price objective lowered by analysts at UBS Group from $21.00 to $20.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s target price indicates a potential upside of 7.12% from the company’s current price.

Several other brokerages also recently weighed in on HST. Barclays upped their price objective on Host Hotels & Resorts from $23.00 to $25.00 and gave the stock an “overweight” rating in a research report on Friday, March 15th. Jefferies Financial Group raised their price target on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Raymond James increased their price objective on shares of Host Hotels & Resorts from $19.00 to $23.00 and gave the company an “outperform” rating in a research note on Friday, March 15th. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a research report on Thursday, March 21st. Finally, Truist Financial boosted their target price on shares of Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a report on Thursday, March 14th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

Host Hotels & Resorts Price Performance

HST traded up $0.08 on Friday, hitting $18.67. 795,979 shares of the stock were exchanged, compared to its average volume of 5,956,949. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.29 and a quick ratio of 3.29. Host Hotels & Resorts has a 12 month low of $14.92 and a 12 month high of $21.31. The firm has a market capitalization of $13.14 billion, a price-to-earnings ratio of 17.93, a PEG ratio of 1.67 and a beta of 1.31. The business has a 50-day moving average of $20.31 and a two-hundred day moving average of $18.77.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.25). Host Hotels & Resorts had a return on equity of 10.82% and a net margin of 13.93%. The firm had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the business posted $0.44 EPS. The business’s revenue was up 4.8% on a year-over-year basis. Sell-side analysts forecast that Host Hotels & Resorts will post 1.97 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO James F. Risoleo sold 28,136 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total transaction of $591,981.44. Following the completion of the sale, the chief executive officer now directly owns 2,225,577 shares of the company’s stock, valued at $46,826,140.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Host Hotels & Resorts

Several large investors have recently modified their holdings of the stock. Czech National Bank boosted its holdings in Host Hotels & Resorts by 0.5% in the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock worth $2,567,000 after buying an additional 569 shares during the period. Cornercap Investment Counsel Inc. grew its position in shares of Host Hotels & Resorts by 0.7% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 82,823 shares of the company’s stock valued at $1,613,000 after purchasing an additional 610 shares in the last quarter. Eagle Strategies LLC raised its stake in shares of Host Hotels & Resorts by 2.9% during the 4th quarter. Eagle Strategies LLC now owns 21,591 shares of the company’s stock valued at $420,000 after purchasing an additional 617 shares during the period. Gulf International Bank UK Ltd lifted its holdings in Host Hotels & Resorts by 16.3% during the 1st quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock worth $92,000 after purchasing an additional 627 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its holdings in Host Hotels & Resorts by 57.5% during the 3rd quarter. Parkside Financial Bank & Trust now owns 1,750 shares of the company’s stock worth $28,000 after purchasing an additional 639 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

About Host Hotels & Resorts

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.