Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its target price decreased by analysts at UBS Group from $21.00 to $20.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the stock. UBS Group’s price objective points to a potential upside of 6.89% from the company’s previous close.

Other research analysts also recently issued reports about the company. Barclays raised their price target on Host Hotels & Resorts from $23.00 to $25.00 and gave the company an “overweight” rating in a research note on Friday, March 15th. Truist Financial raised their price target on Host Hotels & Resorts from $21.00 to $24.00 and gave the company a “hold” rating in a research note on Thursday, March 14th. Stifel Nicolaus boosted their target price on Host Hotels & Resorts from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Wednesday, January 24th. Wells Fargo & Company boosted their target price on Host Hotels & Resorts from $22.00 to $23.00 and gave the stock an “overweight” rating in a report on Thursday, March 21st. Finally, Bank of America raised Host Hotels & Resorts from an “underperform” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $23.00 in a report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.33.

Host Hotels & Resorts Stock Up 0.6 %

HST stock opened at $18.71 on Friday. The company has a quick ratio of 3.29, a current ratio of 3.29 and a debt-to-equity ratio of 0.63. The business has a 50 day moving average price of $20.29 and a two-hundred day moving average price of $18.81. The company has a market cap of $13.16 billion, a price-to-earnings ratio of 17.99, a P/E/G ratio of 1.66 and a beta of 1.31. Host Hotels & Resorts has a twelve month low of $14.92 and a twelve month high of $21.31.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, February 21st. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.25). The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a net margin of 13.93% and a return on equity of 10.82%. The firm’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.44 earnings per share. Analysts anticipate that Host Hotels & Resorts will post 1.97 EPS for the current fiscal year.

Insider Activity at Host Hotels & Resorts

In related news, CEO James F. Risoleo sold 28,136 shares of the business’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $21.04, for a total value of $591,981.44. Following the completion of the sale, the chief executive officer now directly owns 2,225,577 shares in the company, valued at approximately $46,826,140.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of 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 acquiring an additional 1,379,330 shares during the period. Wellington Management Group LLP lifted its position in shares of Host Hotels & Resorts by 15.4% during the 3rd quarter. Wellington Management Group LLP now owns 50,275,252 shares of the company’s stock valued at $807,923,000 after acquiring an additional 6,719,578 shares during the period. State Street Corp lifted its position in shares of Host Hotels & Resorts by 7.1% during the 1st quarter. State Street Corp now owns 49,154,706 shares of the company’s stock valued at $956,516,000 after acquiring an additional 3,240,590 shares during the period. Norges Bank bought a new stake in shares of Host Hotels & Resorts during the 4th quarter valued at $615,558,000. Finally, JPMorgan Chase & Co. lifted its position in shares of Host Hotels & Resorts by 1.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 22,313,389 shares of the company’s stock valued at $358,576,000 after acquiring an additional 310,079 shares during the period. 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.