Wells Fargo & Company Forecasts Strong Price Appreciation for Host Hotels & Resorts (NASDAQ:HST) Stock

Host Hotels & Resorts (NASDAQ:HSTGet Free Report) had its price target boosted by equities research analysts at Wells Fargo & Company from $19.00 to $21.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential upside of 13.94% from the stock’s current price.

A number of other research analysts also recently commented on HST. UBS Group lowered their price objective on shares of Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Friday, November 15th. Truist Financial dropped 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. Evercore ISI reduced their price objective on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, August 13th. Robert W. Baird dropped their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research report on Monday, August 5th. Finally, Stifel Nicolaus reduced their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a report on Friday, November 22nd. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts currently has an average rating of “Moderate Buy” and a consensus price target of $21.32.

Read Our Latest Report on HST

Host Hotels & Resorts Price Performance

HST opened at $18.43 on Tuesday. The firm has a market capitalization of $12.88 billion, a P/E ratio of 17.89, a PEG ratio of 1.67 and a beta of 1.32. The stock has a fifty day moving average of $17.83 and a 200-day moving average of $17.67. The company has a quick ratio of 2.90, a current ratio of 2.90 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:HSTGet Free Report) last announced its quarterly earnings data 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 return on equity of 10.72% and a net margin of 12.92%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the company posted $0.41 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Equities analysts forecast that Host Hotels & Resorts will post 1.94 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Blue Trust Inc. grew its position in shares of Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares during the last quarter. Global X Japan Co. Ltd. acquired a new stake in Host Hotels & Resorts in the 2nd quarter valued at approximately $30,000. Farther Finance Advisors LLC increased its position 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 buying an additional 867 shares during the period. 1620 Investment Advisors Inc. acquired a new position in shares of Host Hotels & Resorts during the second quarter worth approximately $51,000. Finally, Family Firm Inc. bought a new stake in shares of Host Hotels & Resorts in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Host Hotels & Resorts (NASDAQ:HST)

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