Host Hotels & Resorts (NASDAQ:HST) Given New $27.00 Price Target at Wells Fargo & Company

Key Points

• Wells Fargo raised Host Hotels & Resorts’ price target to $27 from $26 and maintained an “overweight” rating, implying approximately 7.24% upside from the reported share price.
• Analyst sentiment is broadly positive: MarketBeat reports an average rating of “Moderate Buy” and an average price target of $25.14, with one Strong Buy, nine Buy, and six Hold ratings.
• Host Hotels reported quarterly EPS of $0.63, exceeding the $0.62 consensus estimate, while revenue reached $1.64 billion and increased 3.4% year over year. Shares were trading near their 52-week high at $25.18.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its target price upped by investment analysts at Wells Fargo & Company from $26.00 to $27.00 in a research report issued on Monday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective suggests a potential upside of 7.24% from the stock's current price.

HST has been the subject of a number of other research reports. Morgan Stanley raised their price target on shares of Host Hotels & Resorts from $22.00 to $24.00 and gave the company an "equal weight" rating in a report on Monday, October 12th. Barclays upped their price objective on Host Hotels & Resorts from $24.00 to $25.00 and gave the stock an "equal weight" rating in a report on Tuesday, October 13th. Truist Financial increased their price objective on Host Hotels & Resorts from $24.00 to $27.00 and gave the company a "buy" rating in a research report on Thursday, September 10th. Weiss Ratings raised Host Hotels & Resorts from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, August 14th. Finally, Evercore set a $26.00 target price on Host Hotels & Resorts in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $25.14.

Host Hotels & Resorts Price Performance

Shares of NASDAQ:HST traded up $0.46 during midday trading on Monday, reaching $25.18. The company's stock had a trading volume of 754,696 shares, compared to its average volume of 8,863,910. The business's fifty day simple moving average is $22.71 and its 200-day simple moving average is $22.91. The company has a debt-to-equity ratio of 0.80, a current ratio of 2.96 and a quick ratio of 2.96. Host Hotels & Resorts has a fifty-two week low of $15.61 and a fifty-two week high of $25.71. The company has a market capitalization of $17.25 billion, a P/E ratio of 16.82, a P/E/G ratio of 2.77 and a beta of 1.09.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.63 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.01. The firm had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.62 billion. Host Hotels & Resorts had a net margin of 16.51% and a return on equity of 15.53%. The company's revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.58 EPS. Host Hotels & Resorts has set its FY 2026 guidance at 2.150-2.180 EPS. As a group, equities research analysts expect that Host Hotels & Resorts will post 2.19 EPS for the current fiscal year.

Insiders Place Their Bets

In other Host Hotels & Resorts news, EVP Nathan Tyrrell sold 63,882 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $23.13, for a total value of $1,477,590.66. Following the transaction, the executive vice president directly owned 618,207 shares of the company's stock, valued at approximately $14,299,127.91. This trade represents a 9.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Viewpoint Investment Partners Corp bought a new stake in Host Hotels & Resorts in the third quarter valued at about $377,000. Apollon Wealth Management LLC boosted its holdings in Host Hotels & Resorts by 6.5% during the third quarter. Apollon Wealth Management LLC now owns 14,703 shares of the company's stock worth $329,000 after buying an additional 897 shares during the last quarter. IRON Financial LLC bought a new position in Host Hotels & Resorts during the third quarter worth about $228,000. Signaturefd LLC grew its position in shares of Host Hotels & Resorts by 2.0% during the 3rd quarter. Signaturefd LLC now owns 128,953 shares of the company's stock worth $2,887,000 after buying an additional 2,494 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Host Hotels & Resorts during the 3rd quarter worth about $314,000. Institutional investors and hedge funds own 98.52% of the company's stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is a self-managed and self-administered real estate investment trust that owns and operates a portfolio of luxury and upper-upscale hotels. The company's properties are generally located in high-demand business and leisure destinations and include full-service hotels, resorts and convention-oriented lodging facilities.

Host Hotels typically invests in hotel real estate while relying on hotel management companies and major hospitality brands to operate its properties.

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