Brokerages Set Host Hotels & Resorts, Inc. (NASDAQ:HST) PT at $21.21

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been assigned an average rating of “Moderate Buy” from the fourteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and ten have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.21.

Several equities analysts recently weighed in on the company. Stifel Nicolaus cut their price target on Host Hotels & Resorts from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Robert W. Baird reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating for the company in a research note on Monday, August 5th. Evercore ISI decreased their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 13th. Oppenheimer cut their price target on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Monday, August 12th. Finally, Wells Fargo & Company decreased their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, September 13th.

Host Hotels & Resorts Stock Up 0.9 %

Shares of HST stock opened at $17.41 on Friday. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The stock has a market cap of $12.17 billion, a P/E ratio of 16.90, a P/E/G ratio of 1.55 and a beta of 1.32. The stock has a 50 day moving average of $17.73 and a 200 day moving average of $17.69. 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 (NASDAQ:HST) last posted 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). 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 quarter in the prior year, the firm earned $0.41 earnings per share. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, sell-side analysts expect that Host Hotels & Resorts will post 1.94 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.60%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Institutional Trading of Host Hotels & Resorts

Hedge funds have recently made changes to their positions in the business. Janney Montgomery Scott LLC lifted its stake in Host Hotels & Resorts by 34.4% in the first quarter. Janney Montgomery Scott LLC now owns 20,029 shares of the company’s stock worth $414,000 after acquiring an additional 5,124 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of Host Hotels & Resorts by 23.9% during the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 204,246 shares of the company’s stock worth $4,224,000 after purchasing an additional 39,340 shares during the last quarter. State Board of Administration of Florida Retirement System grew its stake in shares of Host Hotels & Resorts by 4.0% during the first quarter. State Board of Administration of Florida Retirement System now owns 882,327 shares of the company’s stock worth $18,247,000 after purchasing an additional 34,179 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in Host Hotels & Resorts by 9.4% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 644,866 shares of the company’s stock valued at $13,344,000 after buying an additional 55,654 shares during the last quarter. Finally, Intech Investment Management LLC raised its stake in Host Hotels & Resorts by 79.5% in the first quarter. Intech Investment Management LLC now owns 431,733 shares of the company’s stock valued at $8,928,000 after buying an additional 191,249 shares in 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 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.