Host Hotels & Resorts (NASDAQ:HST) Coverage Initiated at Cantor Fitzgerald

Equities researchers at Cantor Fitzgerald initiated coverage on shares of Host Hotels & Resorts (NASDAQ:HST) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set a “neutral” rating and a $19.00 price target on the stock. Cantor Fitzgerald’s price objective would suggest a potential upside of 11.05% from the stock’s previous close.

Several other brokerages also recently issued reports on HST. Truist Financial boosted their price target on shares of Host Hotels & Resorts from $17.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, September 3rd. Morgan Stanley reissued an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Evercore ISI boosted their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, July 28th. UBS Group boosted their price target on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Monday, September 22nd. Finally, JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They set a “neutral” rating and a $16.00 price target for the company. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Host Hotels & Resorts currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.88.

Host Hotels & Resorts Stock Up 0.4%

HST stock opened at $17.11 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. Host Hotels & Resorts has a 1-year low of $12.22 and a 1-year high of $19.36. The firm has a fifty day moving average price of $16.74 and a two-hundred day moving average price of $15.63. The firm has a market cap of $11.76 billion, a price-to-earnings ratio of 18.20 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Research analysts predict that Host Hotels & Resorts will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently modified their holdings of HST. Norges Bank acquired a new stake in shares of Host Hotels & Resorts during the 2nd quarter valued at $554,669,000. Nuveen LLC acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $69,989,000. Arrowstreet Capital Limited Partnership lifted its position in shares of Host Hotels & Resorts by 199.0% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,294,296 shares of the company’s stock valued at $81,320,000 after acquiring an additional 3,523,534 shares during the last quarter. Millennium Management LLC lifted its position in shares of Host Hotels & Resorts by 1,607.3% during the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company’s stock valued at $43,810,000 after acquiring an additional 2,902,471 shares during the last quarter. Finally, Brandywine Global Investment Management LLC acquired a new stake in shares of Host Hotels & Resorts during the 1st quarter valued at $38,611,000. Institutional investors and hedge funds own 98.52% of the company’s stock.

About Host Hotels & Resorts

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.