Truist Financial Issues Positive Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST) had its target price boosted by Truist Financial from $19.00 to $21.00 in a research note released on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

Other analysts also recently issued research reports about the company. Cantor Fitzgerald started coverage on Host Hotels & Resorts in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $19.00 target price on the stock. Compass Point upgraded Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $22.00 in a research note on Friday, November 7th. Evercore ISI cut Host Hotels & Resorts from an “outperform” rating to an “in-line” rating and set a $20.00 price objective on the stock. in a research note on Tuesday, November 11th. JPMorgan Chase & Co. increased their price objective on Host Hotels & Resorts from $17.00 to $18.00 and gave the company a “neutral” rating in a report on Friday, November 7th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Host Hotels & Resorts in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $18.54.

Host Hotels & Resorts Price Performance

NASDAQ HST opened at $17.16 on Thursday. The firm’s 50 day moving average is $16.95 and its 200-day moving average is $16.46. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $11.80 billion, a PE ratio of 16.34 and a beta of 1.18. Host Hotels & Resorts has a 12-month low of $12.22 and a 12-month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST) last released its earnings results on Wednesday, November 5th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.02. Host Hotels & Resorts had a net margin of 12.43% and a return on equity of 11.11%. The business had revenue of $1.33 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter last year, the firm earned $0.36 earnings per share. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. Host Hotels & Resorts has set its FY 2025 guidance at 2.030-2.030 EPS. Equities research analysts anticipate that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date was Tuesday, September 30th. Host Hotels & Resorts’s dividend payout ratio is 76.19%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several institutional investors and hedge funds have recently modified their holdings of the stock. Armstrong Advisory Group Inc. lifted its stake in shares of Host Hotels & Resorts by 953.5% during the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company’s stock worth $26,000 after buying an additional 1,516 shares during the last quarter. Clearstead Advisors LLC raised its holdings in Host Hotels & Resorts by 79.6% in the 3rd quarter. Clearstead Advisors LLC now owns 1,773 shares of the company’s stock valued at $30,000 after acquiring an additional 786 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in Host Hotels & Resorts during the second quarter worth approximately $29,000. Hantz Financial Services Inc. boosted its holdings in shares of Host Hotels & Resorts by 234.1% during the third quarter. Hantz Financial Services Inc. now owns 1,911 shares of the company’s stock worth $33,000 after acquiring an additional 1,339 shares during the period. Finally, Compagnie Lombard Odier SCmA acquired a new position in shares of Host Hotels & Resorts in the third quarter valued at approximately $34,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

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.