Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives Average Recommendation of “Hold” from Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have earned a consensus rating of “Hold” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $18.27.

Several equities research analysts have recently commented on the company. Raymond James reduced their target price on Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, February 18th. Evercore ISI reiterated an “outperform” rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and cut their price target for the company from $20.00 to $18.00 in a report on Monday, March 10th. Finally, Morgan Stanley reduced their price target on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 22nd.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $15.67 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.91 and a quick ratio of 2.90. The firm’s 50 day moving average is $14.41 and its 200-day moving average is $16.09. Host Hotels & Resorts has a 12-month low of $12.22 and a 12-month high of $19.37. The stock has a market capitalization of $10.87 billion, a P/E ratio of 15.83 and a beta of 1.29.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The firm had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. During the same quarter in the previous year, the business posted $0.60 earnings per share. The firm’s quarterly revenue was up 8.4% compared to the same quarter last year. Equities research analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date was Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 83.33%.

Institutional Trading of Host Hotels & Resorts

A number of institutional investors have recently bought and sold shares of the company. National Pension Service purchased a new stake in shares of Host Hotels & Resorts during the 4th quarter worth about $26,000. Jones Financial Companies Lllp increased its holdings in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock worth $28,000 after buying an additional 1,088 shares during the last quarter. NBC Securities Inc. raised its position in Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company’s stock valued at $26,000 after acquiring an additional 1,852 shares in the last quarter. Kestra Investment Management LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter valued at approximately $40,000. Finally, Versant Capital Management Inc lifted its stake in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company’s stock valued at $33,000 after acquiring an additional 2,047 shares during the last quarter. Institutional investors and hedge funds 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.