Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $21.50 Average Target Price from Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been given a consensus rating of “Moderate Buy” by the sixteen brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $21.31.

A number of equities research analysts recently commented on the company. Oppenheimer decreased their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Barclays decreased their target price on Host Hotels & Resorts from $25.00 to $24.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Evercore ISI decreased their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Truist Financial decreased their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday. Finally, Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of Host Hotels & Resorts in a report on Thursday, May 30th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in HST. Norges Bank purchased a new position in shares of Host Hotels & Resorts during the 4th quarter valued at approximately $615,558,000. SG Americas Securities LLC lifted its position in shares of Host Hotels & Resorts by 3,870.5% during the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after buying an additional 2,165,260 shares in the last quarter. Russell Investments Group Ltd. lifted its position in shares of Host Hotels & Resorts by 103.2% during the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock valued at $76,002,000 after buying an additional 1,866,661 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Host Hotels & Resorts by 106.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,420,139 shares of the company’s stock valued at $66,590,000 after buying an additional 1,764,294 shares in the last quarter. Finally, National Bank of Canada FI lifted its position in shares of Host Hotels & Resorts by 301.3% during the 4th quarter. National Bank of Canada FI now owns 2,128,173 shares of the company’s stock valued at $41,925,000 after buying an additional 1,597,876 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $16.93 on Monday. Host Hotels & Resorts has a fifty-two week low of $14.92 and a fifty-two week high of $21.31. The firm has a market capitalization of $11.89 billion, a price-to-earnings ratio of 16.60, a PEG ratio of 1.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The stock’s 50-day simple moving average is $17.29 and its 200-day simple moving average is $18.61.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were given a dividend of $0.20 per share. The ex-dividend date was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.73%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 78.43%.

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.