Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $19.00 at UBS Group

Host Hotels & Resorts (NASDAQ:HST) had its target price decreased by UBS Group from $20.00 to $19.00 in a research note issued to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other research firms also recently commented on HST. Truist Financial reduced their price target on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Wells Fargo & Company reduced their price target on shares of 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. Robert W. Baird reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. Compass Point raised shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, StockNews.com downgraded shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday. Two equities research 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.21.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $17.26 on Friday. The firm has a 50-day moving average price of $17.72 and a 200-day moving average price of $17.69. The firm has a market capitalization of $12.07 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 1.55 and a beta of 1.32. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 EPS. As a group, equities research analysts forecast that Host Hotels & Resorts will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s payout ratio is currently 77.67%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HST. BROOKFIELD Corp ON purchased a new position in shares of Host Hotels & Resorts in the 1st quarter worth approximately $25,000. Blue Trust Inc. boosted its stake in Host Hotels & Resorts by 212.7% in the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in Host Hotels & Resorts in the 2nd quarter worth approximately $30,000. Farther Finance Advisors LLC boosted its stake in Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after purchasing an additional 867 shares in the last quarter. Finally, 1620 Investment Advisors Inc. acquired a new stake in Host Hotels & Resorts in the 2nd quarter worth approximately $51,000. 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.