Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $21.39 Consensus Target Price from Brokerages

Host Hotels & Resorts, Inc. (NASDAQ:HST) has earned a consensus rating of “Moderate Buy” from the fourteen research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.39.

A number of equities research analysts have recently issued reports on the company. UBS Group cut their target price on 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. Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an “overweight” rating in a report on Monday, December 9th. Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $22.00 in a report on Thursday, October 17th. Truist Financial reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. Finally, Stifel Nicolaus decreased their price objective on Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Blue Trust Inc. boosted its holdings in Host Hotels & Resorts by 212.7% in the second quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock worth $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. acquired a new stake in shares of Host Hotels & Resorts in the second quarter worth about $30,000. Farther Finance Advisors LLC boosted its stake in shares of Host Hotels & Resorts by 44.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after acquiring an additional 867 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at about $51,000. Finally, Family Firm Inc. acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at about $56,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $18.72 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. The firm’s 50 day moving average is $18.02 and its 200-day moving average is $17.70. Host Hotels & Resorts has a 12-month low of $15.71 and a 12-month high of $21.31. The stock has a market capitalization of $13.09 billion, a P/E ratio of 18.17 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly 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 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 analyst estimates of $1.29 billion. During the same quarter last year, the firm posted $0.41 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities research analysts anticipate that Host Hotels & Resorts will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $0.80 dividend on an annualized basis and a yield of 4.27%. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

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.