Host Hotels & Resorts (NASDAQ:HST) Price Target Lowered to $21.00 at Evercore ISI

Host Hotels & Resorts (NASDAQ:HST) had its price target decreased by Evercore ISI from $23.00 to $21.00 in a research report sent to investors on Tuesday, Benzinga reports. Evercore ISI currently has an outperform rating on the stock.

Several other equities research analysts also recently commented on HST. Wedbush reiterated an outperform rating and set a $22.00 price objective on shares of Host Hotels & Resorts in a research note on Thursday, May 30th. JPMorgan Chase & Co. downgraded shares of Host Hotels & Resorts from a neutral rating to an underweight rating and lowered their price objective for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Oppenheimer lowered their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an outperform rating for the company in a research note on Monday. Barclays lowered their price objective 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 objective on shares of Host Hotels & Resorts from $22.00 to $21.00 and set a buy rating for the company in a research note on Thursday, August 1st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the stock. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of Moderate Buy and an average target price of $21.12.

Host Hotels & Resorts Price Performance

Shares of HST opened at $16.09 on Tuesday. The company has a market cap of $11.34 billion, a price-to-earnings ratio of 15.77, a price-to-earnings-growth ratio of 1.50 and a beta of 1.33. Host Hotels & Resorts has a twelve month low of $14.92 and a twelve month high of $21.31. The company has a quick ratio of 6.66, a current ratio of 4.55 and a debt-to-equity ratio of 0.64. The company has a 50 day moving average of $17.60 and a two-hundred day moving average of $18.88.

Host Hotels & Resorts Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Stockholders of record on Friday, June 28th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, June 28th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.97%. Host Hotels & Resorts’s payout ratio is 78.43%.

Insider Activity

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 sale, the director now directly owns 64,457 shares in the company, valued at approximately $1,201,478.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank acquired a new stake in Host Hotels & Resorts during the 4th quarter worth $615,558,000. PGGM Investments acquired a new stake in Host Hotels & Resorts during the 4th quarter worth $57,664,000. SG Americas Securities LLC raised its stake in Host Hotels & Resorts by 3,870.5% during the 1st quarter. SG Americas Securities LLC now owns 2,221,203 shares of the company’s stock worth $45,934,000 after acquiring an additional 2,165,260 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Host Hotels & Resorts by 103.2% during the 1st quarter. Russell Investments Group Ltd. now owns 3,675,589 shares of the company’s stock worth $76,002,000 after acquiring an additional 1,866,661 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC raised its stake in Host Hotels & Resorts by 106.5% during the 4th quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,420,139 shares of the company’s stock worth $66,590,000 after acquiring an additional 1,764,294 shares in the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Company Profile

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.