Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $19.00

Host Hotels & Resorts (NASDAQ:HST) had its price target trimmed by Robert W. Baird from $21.00 to $19.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other research analysts have also recently weighed in on HST. Truist Financial dropped their price objective on shares of Host Hotels & Resorts from $24.00 to $23.00 and set a hold rating for the company in a research note on Thursday, May 30th. Compass Point cut Host Hotels & Resorts from a buy rating to a neutral rating and cut their price target for the stock from $25.00 to $18.00 in a report on Thursday, August 1st. UBS Group decreased their price objective on Host Hotels & Resorts from $21.00 to $20.00 and set a neutral rating on the stock in a research note on Friday, April 19th. Barclays cut their target price on shares of Host Hotels & Resorts from $25.00 to $24.00 and set an overweight rating for the company in a research note on Thursday, May 30th. Finally, Stifel Nicolaus lowered their price target on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a buy rating for the company in a report on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of Hold and an average price target of $21.19.

Host Hotels & Resorts Price Performance

Host Hotels & Resorts stock opened at $16.23 on Monday. The firm has a market capitalization of $11.44 billion, a PE ratio of 15.91, a P/E/G ratio of 1.50 and a beta of 1.33. Host Hotels & Resorts has a 52 week low of $14.92 and a 52 week high of $21.31. The firm’s 50-day simple moving average is $17.71 and its 200 day simple moving average is $18.97. The company has a quick ratio of 6.66, a current ratio of 4.55 and a debt-to-equity ratio of 0.64.

Host Hotels & Resorts Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date was Friday, June 28th. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 78.43%.

Insider Buying and Selling at Host Hotels & Resorts

In other news, Director Walter C. Rakowich sold 3,896 shares of the firm’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $18.64, for a total value of $72,621.44. Following the transaction, the director now owns 64,457 shares of the company’s stock, valued at approximately $1,201,478.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors and hedge funds have recently modified their holdings of the stock. BROOKFIELD Corp ON acquired a new position in Host Hotels & Resorts during the 1st quarter worth approximately $25,000. Riverview Trust Co purchased a new position in shares of Host Hotels & Resorts in the first quarter valued at $27,000. Blue Trust Inc. grew its holdings in Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares in the last quarter. Global X Japan Co. Ltd. purchased a new stake in Host Hotels & Resorts during the 2nd quarter worth $30,000. Finally, Mather Group LLC. acquired a new position in Host Hotels & Resorts in the 1st quarter worth $35,000. Hedge funds and other institutional investors own 98.52% of the company’s stock.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.