Host Hotels & Resorts (NASDAQ:HST) PT Lowered to $22.00 at Oppenheimer

Host Hotels & Resorts (NASDAQ:HST) had its price target lowered by Oppenheimer from $24.00 to $22.00 in a report published on Monday, Benzinga reports. The firm currently has an outperform rating on the stock.

Several other brokerages have also weighed in on HST. UBS Group reduced their price objective on Host Hotels & Resorts from $21.00 to $20.00 and set a neutral rating for the company in a report on Friday, April 19th. Barclays decreased their price objective 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. Truist Financial cut their target price on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a hold rating for the company in a research report on Thursday, May 30th. Compass Point lowered shares of Host Hotels & Resorts from a buy rating to a neutral rating and lowered their price target for the company from $25.00 to $18.00 in a research report on Thursday, August 1st. Finally, JPMorgan Chase & Co. cut shares of Host Hotels & Resorts from a neutral rating to an underweight rating and dropped their price target for the company from $20.00 to $18.00 in a research note on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, Host Hotels & Resorts has an average rating of Moderate Buy and a consensus target price of $21.12.

Host Hotels & Resorts Stock Up 1.7 %

HST opened at $16.43 on Monday. Host Hotels & Resorts has a twelve month low of $14.92 and a twelve month high of $21.31. The company’s 50-day moving average price is $17.53 and its two-hundred day moving average price is $18.85. The stock has a market cap of $11.58 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 1.50 and a beta of 1.33. The company has a quick ratio of 6.66, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s payout ratio is currently 78.43%.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of Host Hotels & Resorts during the fourth quarter valued at approximately $615,558,000. PGGM Investments purchased a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $57,664,000. SG Americas Securities LLC raised its stake in shares of Host Hotels & Resorts by 3,870.5% during the first quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock valued at $45,934,000 after acquiring an additional 2,165,260 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of Host Hotels & Resorts by 103.2% during the first quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after purchasing an additional 1,866,661 shares during the period. Finally, Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Host Hotels & Resorts by 106.5% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,420,139 shares of the company’s stock worth $66,590,000 after purchasing an additional 1,764,294 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors.

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.