Host Hotels & Resorts, Inc. (NASDAQ:HST) Given Consensus Rating of “Hold” by Brokerages

Host Hotels & Resorts, Inc. (NASDAQ:HST) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.12.

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Host Hotels & Resorts in a research report on Monday, June 23rd. They set a “neutral” rating and a $16.00 price objective for the company. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a “buy” rating to a “hold” rating and reduced their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Compass Point downgraded shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $20.00 to $18.00 in a research report on Monday, March 10th. Truist Financial dropped their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating on the stock in a research report on Friday, March 21st. Finally, Citigroup dropped their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th.

Host Hotels & Resorts Stock Up 0.3%

Shares of NASDAQ:HST opened at $15.76 on Friday. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The company has a fifty day simple moving average of $15.13 and a 200 day simple moving average of $15.76. The firm has a market cap of $10.93 billion, a PE ratio of 16.42 and a beta of 1.32. Host Hotels & Resorts has a 12-month low of $12.22 and a 12-month high of $19.37.

Host Hotels & Resorts (NASDAQ:HST) last issued its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.08. The company had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The firm’s revenue was up 8.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 earnings per share. On average, equities research analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.08%. The ex-dividend date of this dividend is Monday, June 30th. Host Hotels & Resorts’s dividend payout ratio is 83.33%.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently bought and sold shares of HST. Cohen & Steers Inc. boosted its stake in shares of Host Hotels & Resorts by 8.5% in the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock valued at $876,115,000 after purchasing an additional 3,932,928 shares in the last quarter. Norges Bank acquired a new position in Host Hotels & Resorts during the 4th quarter worth about $807,878,000. JPMorgan Chase & Co. lifted its position in Host Hotels & Resorts by 1.8% during the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock worth $649,076,000 after buying an additional 643,450 shares in the last quarter. Invesco Ltd. lifted its position in Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company’s stock worth $356,088,000 after buying an additional 2,503,550 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Host Hotels & Resorts by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 19,253,516 shares of the company’s stock worth $336,539,000 after buying an additional 350,634 shares in the last quarter. 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.