Stifel Nicolaus Lowers Host Hotels & Resorts (NASDAQ:HST) Price Target to $20.50

Host Hotels & Resorts (NASDAQ:HST) had its price target cut by Stifel Nicolaus from $21.00 to $20.50 in a research report sent to investors on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other equities analysts have also recently weighed in on HST. UBS Group cut their price objective on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, November 15th. Oppenheimer reduced their price objective on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Robert W. Baird lowered their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a “neutral” rating on the stock in a research note on Monday, August 5th. StockNews.com cut shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, Compass Point upgraded shares of Host Hotels & Resorts from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $21.18.

Host Hotels & Resorts Stock Performance

Shares of NASDAQ HST opened at $18.25 on Friday. Host Hotels & Resorts has a 52 week low of $15.71 and a 52 week high of $21.31. The firm has a market cap of $12.76 billion, a price-to-earnings ratio of 17.72, a P/E/G ratio of 1.62 and a beta of 1.32. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90. The business’s 50-day simple moving average is $17.79 and its 200-day simple moving average is $17.66.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.41 earnings per share. As a group, equities research analysts expect that Host Hotels & Resorts will post 1.94 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s payout ratio is 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of HST. Invst LLC boosted its position in Host Hotels & Resorts by 6.7% in the third quarter. Invst LLC now owns 37,581 shares of the company’s stock valued at $661,000 after buying an additional 2,376 shares in the last quarter. Toronto Dominion Bank raised its stake in shares of Host Hotels & Resorts by 1.1% in the third quarter. Toronto Dominion Bank now owns 353,593 shares of the company’s stock valued at $6,223,000 after acquiring an additional 3,827 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Host Hotels & Resorts by 1.0% in the 3rd quarter. Geode Capital Management LLC now owns 18,902,882 shares of the company’s stock worth $331,698,000 after acquiring an additional 180,904 shares in the last quarter. M&T Bank Corp grew its position in Host Hotels & Resorts by 4.2% during the 3rd quarter. M&T Bank Corp now owns 96,597 shares of the company’s stock worth $1,700,000 after acquiring an additional 3,872 shares during the last quarter. Finally, Duff & Phelps Investment Management Co. increased its holdings in Host Hotels & Resorts by 92.9% during the 3rd quarter. Duff & Phelps Investment Management Co. now owns 2,764,294 shares of the company’s stock valued at $48,652,000 after purchasing an additional 1,331,407 shares in the last quarter. Institutional investors own 98.52% of the company’s stock.

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.