Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $17.00 by Analysts at Truist Financial

Host Hotels & Resorts (NASDAQ:HST) had its target price reduced by Truist Financial from $20.00 to $17.00 in a research note released on Friday morning,Benzinga reports. They currently have a hold rating on the stock.

HST has been the topic of a number of other reports. Citigroup lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a report on Monday, March 17th. UBS Group lowered their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, January 28th. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. Stifel Nicolaus lowered their target price on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating on the stock in a report on Friday, November 22nd. Finally, Raymond James lowered their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating on the stock in a report on Tuesday, February 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.54.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $14.69 on Friday. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts has a 12-month low of $14.25 and a 12-month high of $21.27. The company has a market capitalization of $10.27 billion, a PE ratio of 14.84 and a beta of 1.30. The firm’s 50 day moving average is $16.32 and its 200-day moving average is $17.30.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (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 company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Equities research analysts anticipate that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.45%. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of institutional investors have recently modified their holdings of HST. National Pension Service bought a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $26,000. Jones Financial Companies Lllp boosted its position in shares of Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after acquiring an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB boosted its position in shares of Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after acquiring an additional 991 shares during the period. Kestra Investment Management LLC bought a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $40,000. Finally, Eastern Bank bought a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at about $45,000. Institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

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.