Host Hotels & Resorts (NASDAQ:HST) Given New $19.00 Price Target at Citigroup

Host Hotels & Resorts (NASDAQ:HST) had its target price lowered by Citigroup from $21.00 to $19.00 in a research report report published on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research report on Friday, November 22nd. Wells Fargo & Company reduced their price objective on shares of Host Hotels & Resorts from $22.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday, February 18th. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an “outperform” rating for the company in a research report on Tuesday, February 18th. Compass Point lowered shares of Host Hotels & Resorts from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $20.00 to $18.00 in a research report on Monday, March 10th. Finally, UBS Group reduced their price objective on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, Host Hotels & Resorts has a consensus rating of “Hold” and a consensus target price of $20.12.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $15.12 on Monday. The firm has a 50-day moving average price of $16.41 and a 200 day moving average price of $17.34. The firm has a market capitalization of $10.57 billion, a PE ratio of 15.27 and a beta of 1.30. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts has a 52-week low of $14.47 and a 52-week high of $21.27.

Host Hotels & Resorts (NASDAQ:HST) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.29. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, sell-side analysts anticipate that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend is Monday, March 31st. Host Hotels & Resorts’s dividend payout ratio (DPR) is 80.81%.

Institutional Trading of Host Hotels & Resorts

A number of hedge funds have recently made changes to their positions in HST. National Pension Service bought a new position in Host Hotels & Resorts during the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its stake in shares of Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company’s stock valued at $28,000 after purchasing an additional 1,088 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock valued at $36,000 after buying an additional 991 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of Host Hotels & Resorts in the fourth quarter valued at about $40,000. Finally, Eastern Bank bought a new stake in Host Hotels & Resorts during the 4th quarter worth about $45,000. 98.52% of the stock is owned by hedge funds and other institutional investors.

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.