UBS Group Has Lowered Expectations for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST) had its target price reduced by analysts at UBS Group from $20.00 to $19.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. UBS Group’s price target suggests a potential upside of 10.08% from the company’s current price.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday. Wells Fargo & Company decreased their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Oppenheimer decreased their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Finally, Truist Financial decreased their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned 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 $21.21.

Host Hotels & Resorts Price Performance

HST stock opened at $17.26 on Friday. The firm has a 50 day moving average of $17.72 and a 200-day moving average of $17.70. The company has a current ratio of 2.90, a quick ratio of 4.55 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a 12 month low of $15.71 and a 12 month high of $21.31. The firm has a market capitalization of $12.07 billion, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.

Host Hotels & Resorts (NASDAQ:HST) last announced its 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 net margin of 12.92% and a return on equity of 10.72%. The company had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts predict that Host Hotels & Resorts will post 1.96 earnings per share for the current fiscal year.

Institutional Trading of Host Hotels & Resorts

Institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its position in shares of Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after purchasing an additional 950,431 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Host Hotels & Resorts by 1.0% in the third quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock worth $331,698,000 after acquiring an additional 180,904 shares in the last quarter. Daiwa Securities Group Inc. boosted its holdings in Host Hotels & Resorts by 66.9% in the third quarter. Daiwa Securities Group Inc. now owns 13,637,328 shares of the company’s stock worth $240,017,000 after acquiring an additional 5,466,629 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Host Hotels & Resorts by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 10,300,937 shares of the company’s stock worth $181,296,000 after acquiring an additional 181,103 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in Host Hotels & Resorts by 11.7% in the second quarter. LSV Asset Management now owns 9,189,000 shares of the company’s stock worth $165,218,000 after acquiring an additional 965,100 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors.

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.