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

Host Hotels & Resorts (NASDAQ:HST) had its price objective decreased by analysts at Citigroup from $21.00 to $19.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective would suggest a potential upside of 24.06% from the company’s previous close.

Several other analysts also recently weighed in on the stock. UBS Group cut their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 28th. Stifel Nicolaus cut their price target on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Raymond James decreased their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company cut their target price on Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 18th. Finally, Compass Point cut Host Hotels & Resorts from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $20.12.

Host Hotels & Resorts Stock Up 2.7 %

Shares of NASDAQ:HST traded up $0.41 during trading on Monday, hitting $15.32. The company’s stock had a trading volume of 3,580,790 shares, compared to its average volume of 7,012,129. Host Hotels & Resorts has a fifty-two week low of $14.47 and a fifty-two week high of $21.27. The stock’s 50-day moving average price is $16.52 and its two-hundred day moving average price is $17.39. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. The company has a market capitalization of $10.71 billion, a PE ratio of 15.47 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. As a group, sell-side analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in shares of Host Hotels & Resorts by 1.9% in the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock valued at $912,056,000 after acquiring an additional 950,431 shares during the period. Cohen & Steers Inc. boosted its holdings in Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock valued at $876,115,000 after purchasing an additional 3,932,928 shares during the period. Norges Bank acquired a new stake in Host Hotels & Resorts in the 4th quarter worth $807,878,000. JPMorgan Chase & Co. increased its holdings in shares of Host Hotels & Resorts by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock worth $649,076,000 after purchasing an additional 643,450 shares during the period. Finally, Invesco Ltd. raised its position in shares of Host Hotels & Resorts by 24.7% during the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after buying an additional 4,460,468 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.