Evercore ISI Issues Pessimistic Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price objective cut by research analysts at Evercore ISI from $20.00 to $18.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Evercore ISI's price objective points to a potential upside of 27.89% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. UBS Group dropped their target price on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Raymond James dropped their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a report on Tuesday, February 18th. Morgan Stanley cut their price objective on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Wells Fargo & Company decreased their target price on 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. Finally, Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their target price for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, Host Hotels & Resorts has an average rating of "Hold" and a consensus price target of $18.90.

Host Hotels & Resorts Stock Up 1.4 %

Shares of NASDAQ:HST traded up $0.20 during mid-day trading on Monday, hitting $14.08. 584,372 shares of the company traded hands, compared to its average volume of 7,969,572. The stock has a 50-day moving average price of $14.72 and a two-hundred day moving average price of $16.59. Host Hotels & Resorts has a 12-month low of $12.22 and a 12-month high of $19.87. The stock has a market cap of $9.76 billion, a P/E ratio of 14.26 and a beta of 1.26. 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 (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.15 by $0.29. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. On average, equities research analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Institutional Trading of Host Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the stock. National Pension Service purchased a new position in Host Hotels & Resorts during the 4th quarter valued at about $26,000. NBC Securities Inc. grew its stake in Host Hotels & Resorts by 185,200.0% during the first quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after acquiring an additional 1,088 shares during the period. Versant Capital Management Inc lifted its stake in Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after purchasing an additional 2,047 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in Host Hotels & Resorts by 94.9% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after purchasing an additional 991 shares during the period. 98.52% of the stock is currently owned by 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.

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