UBS Group Lowers Host Hotels & Resorts (NASDAQ:HST) Price Target to $18.00

Host Hotels & Resorts (NASDAQ:HST) had its target price dropped by UBS Group from $20.00 to $18.00 in a research note issued to investors on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 4.29% from the company’s current price.

A number of other equities analysts have also recently commented on the stock. StockNews.com raised shares of Host Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. Wedbush began coverage on shares of Host Hotels & Resorts in a research note on Tuesday, October 3rd. They issued an “outperform” rating and a $19.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Host Hotels & Resorts from $15.50 to $15.00 and set an “underweight” rating for the company in a research note on Friday, August 25th. Wolfe Research began coverage on shares of Host Hotels & Resorts in a research note on Wednesday, September 27th. They issued an “outperform” rating and a $22.00 price objective for the company. Finally, Oppenheimer raised shares of Host Hotels & Resorts from a “market perform” rating to an “outperform” rating and set a $21.00 price objective for the company in a research note on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $20.04.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ:HST opened at $17.26 on Thursday. Host Hotels & Resorts has a 52 week low of $14.51 and a 52 week high of $19.42. The stock has a market capitalization of $12.18 billion, a P/E ratio of 16.44 and a beta of 1.27. The firm has a fifty day simple moving average of $16.12 and a two-hundred day simple moving average of $16.62. The company has a quick ratio of 5.77, a current ratio of 5.77 and a debt-to-equity ratio of 0.61.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in Host Hotels & Resorts by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 116,329,451 shares of the company’s stock valued at $2,260,281,000 after buying an additional 1,379,330 shares in the last quarter. State Street Corp raised its holdings in shares of Host Hotels & Resorts by 7.1% in the 1st quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after purchasing an additional 3,240,590 shares in the last quarter. Norges Bank bought a new stake in shares of Host Hotels & Resorts in the 4th quarter valued at about $410,211,000. FMR LLC raised its holdings in shares of Host Hotels & Resorts by 6.3% in the 1st quarter. FMR LLC now owns 25,232,241 shares of the company’s stock valued at $416,080,000 after purchasing an additional 1,495,349 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Host Hotels & Resorts by 1.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock valued at $358,576,000 after purchasing an additional 310,079 shares in 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 41,900 rooms.