Host Hotels & Resorts (NASDAQ:HST) Downgraded to Sell Rating by StockNews.com

StockNews.com downgraded shares of Host Hotels & Resorts (NASDAQ:HST) from a hold rating to a sell rating in a research note issued to investors on Friday.

Other equities research analysts have also recently issued reports about the company. Truist Financial lowered their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a research note on Wednesday, September 4th. Oppenheimer lowered their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Monday, August 12th. Evercore ISI lowered their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a research note on Tuesday, August 13th. Compass Point raised Host Hotels & Resorts from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $18.00 to $22.00 in a research note on Thursday, October 17th. Finally, Wells Fargo & Company decreased their price objective on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.29.

Host Hotels & Resorts Trading Up 0.3 %

HST stock opened at $18.06 on Friday. The business has a fifty day moving average price of $17.66 and a 200 day moving average price of $17.73. Host Hotels & Resorts has a fifty-two week low of $15.71 and a fifty-two week high of $21.31. The stock has a market capitalization of $12.69 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.64 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 4.55.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 6th. The company reported $0.12 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 analyst estimates of $1.29 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the business posted $0.41 earnings per share. Analysts expect that Host Hotels & Resorts will post 1.93 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.43%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 77.67%.

Institutional Trading of Host Hotels & Resorts

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Landscape Capital Management L.L.C. bought a new stake in Host Hotels & Resorts during the third quarter worth about $482,000. Aurora Investment Counsel increased its position in Host Hotels & Resorts by 5.2% during the third quarter. Aurora Investment Counsel now owns 101,313 shares of the company’s stock worth $1,783,000 after buying an additional 5,005 shares during the last quarter. Advisors Asset Management Inc. increased its position in Host Hotels & Resorts by 11.6% during the third quarter. Advisors Asset Management Inc. now owns 18,517 shares of the company’s stock worth $326,000 after buying an additional 1,929 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Host Hotels & Resorts during the third quarter worth approximately $336,000. Finally, Banque Cantonale Vaudoise increased its position in Host Hotels & Resorts by 193.3% during the third quarter. Banque Cantonale Vaudoise now owns 47,437 shares of the company’s stock worth $835,000 after buying an additional 31,261 shares during the last quarter. 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.