Host Hotels & Resorts (NASDAQ:HST) Downgraded by Evercore ISI to “In-Line”

Evercore ISI downgraded shares of Host Hotels & Resorts (NASDAQ:HST) from an outperform rating to an in-line rating in a research note released on Tuesday morning, Marketbeat Ratings reports. They currently have $20.00 target price on the stock.

Several other equities analysts have also issued reports on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Host Hotels & Resorts in a report on Wednesday, November 5th. Stifel Nicolaus boosted their price objective on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the company a “buy” rating in a research report on Thursday, July 31st. JPMorgan Chase & Co. increased their price target on Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a research note on Friday, November 7th. UBS Group boosted their target price on shares of Host Hotels & Resorts from $17.00 to $18.00 and gave the stock a “neutral” rating in a report on Monday, September 22nd. Finally, Morgan Stanley reaffirmed an “outperform” rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.38.

Host Hotels & Resorts Stock Down 1.3%

Shares of Host Hotels & Resorts stock opened at $17.95 on Tuesday. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The company’s 50 day moving average price is $16.94 and its 200-day moving average price is $16.17. The stock has a market capitalization of $12.34 billion, a price-to-earnings ratio of 19.10 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.02. The firm had revenue of $1.33 billion for the quarter, compared to analyst estimates of $1.30 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The business’s quarterly revenue was up .9% compared to the same quarter last year. During the same period last year, the company earned $0.36 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Equities research analysts forecast that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.5%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is presently 76.19%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors and hedge funds have recently added to or reduced their stakes in HST. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Host Hotels & Resorts by 2.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company’s stock valued at $353,000 after acquiring an additional 638 shares in the last quarter. TD Private Client Wealth LLC boosted its position in Host Hotels & Resorts by 50.0% during the second quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company’s stock worth $32,000 after acquiring an additional 691 shares during the last quarter. Verdence Capital Advisors LLC grew its holdings in Host Hotels & Resorts by 3.0% in the 3rd quarter. Verdence Capital Advisors LLC now owns 25,731 shares of the company’s stock valued at $428,000 after buying an additional 738 shares in the last quarter. Advisors Asset Management Inc. raised its stake in Host Hotels & Resorts by 3.7% during the first quarter. Advisors Asset Management Inc. now owns 21,349 shares of the company’s stock worth $303,000 after purchasing an additional 765 shares during the period. Finally, Clearstead Advisors LLC increased its stake in Host Hotels & Resorts by 79.6% during the third quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock worth $30,000 after acquiring an additional 786 shares during the last quarter. Hedge funds and other 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.