Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $20.12 Average Price Target from Brokerages

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST) have been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.54.

Several research analysts have recently weighed in on the stock. Truist Financial decreased their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a “hold” rating for the company in a research note on Friday, March 21st. UBS Group decreased 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. Morgan Stanley raised Host Hotels & Resorts from an “underweight” rating to an “equal weight” rating and dropped their target price for the stock from $16.00 to $15.00 in a research report on Friday, March 21st. Compass Point lowered Host Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, Citigroup cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a “buy” rating on the stock in a research report on Monday, March 17th.

Host Hotels & Resorts Stock Down 1.9 %

Shares of NASDAQ HST opened at $14.53 on Friday. The stock has a fifty day moving average price of $16.13 and a 200 day moving average price of $17.24. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts has a 12-month low of $14.25 and a 12-month high of $20.85. The company has a market cap of $10.16 billion, a P/E ratio of 14.68 and a beta of 1.30.

Host Hotels & Resorts (NASDAQ:HST) last posted 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 business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. Research analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 5.51%. Host Hotels & Resorts’s dividend payout ratio is currently 80.81%.

Institutional Investors Weigh In On Host Hotels & Resorts

Several large investors have recently added to or reduced their stakes in the stock. State Street Corp grew its position in shares of Host Hotels & Resorts by 1.9% during the third quarter. State Street Corp now owns 51,243,563 shares of the company’s stock worth $912,056,000 after acquiring an additional 950,431 shares during the last quarter. Cohen & Steers Inc. boosted its stake in Host Hotels & Resorts by 8.5% during the 4th quarter. Cohen & Steers Inc. now owns 50,002,916 shares of the company’s stock valued at $876,115,000 after purchasing an additional 3,932,928 shares during the period. Norges Bank acquired a new position in Host Hotels & Resorts during the 4th quarter valued at about $807,878,000. JPMorgan Chase & Co. grew its position in Host Hotels & Resorts by 1.8% in the 4th quarter. JPMorgan Chase & Co. now owns 37,047,730 shares of the company’s stock worth $649,076,000 after purchasing an additional 643,450 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Host Hotels & Resorts by 24.7% in the fourth quarter. Invesco Ltd. now owns 22,555,445 shares of the company’s stock valued at $395,171,000 after purchasing an additional 4,460,468 shares during the period. 98.52% of the stock is 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.