Brokerages Set Host Hotels & Resorts, Inc. (NASDAQ:HST) PT at $17.50

Key Points

• Host Hotels & Resorts, Inc. (NASDAQ:HST) received an average rating of "Moderate Buy" from analysts, with five holding ratings and six buy ratings, and a 12-month target price of $17.50.
• The company reported $0.58 earnings per share for the last quarter, exceeding analyst expectations of $0.51, with revenues of $1.59 billion, an 8.2% year-over-year increase.
• Host Hotels & Resorts announced a quarterly dividend of $0.20 per share, representing a 5.1% dividend yield with a payout ratio of 85.11%.

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the eleven analysts that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $17.50.

A number of research firms have recently commented on HST. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 1st. Evercore ISI raised their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus boosted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st.

Host Hotels & Resorts Price Performance

HST traded up $0.1450 on Monday, hitting $16.2650. 3,700,241 shares of the stock were exchanged, compared to its average volume of 9,782,968. Host Hotels & Resorts has a 12 month low of $12.22 and a 12 month high of $19.36. The business has a 50-day moving average of $15.92 and a two-hundred day moving average of $15.38. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a market capitalization of $11.18 billion, a price-to-earnings ratio of 17.30 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.07. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The business's revenue was up 8.2% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Sell-side analysts forecast that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.20 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.9%. Host Hotels & Resorts's dividend payout ratio is presently 85.11%.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds have recently bought and sold shares of the business. Hudson Bay Capital Management LP raised its holdings in shares of Host Hotels & Resorts by 1,248.1% during the second quarter. Hudson Bay Capital Management LP now owns 929,820 shares of the company's stock valued at $14,282,000 after acquiring an additional 1,010,807 shares during the last quarter. Nomura Holdings Inc. grew its holdings in shares of Host Hotels & Resorts by 48.3% in the 2nd quarter. Nomura Holdings Inc. now owns 258,186 shares of the company's stock worth $3,966,000 after acquiring an additional 84,053 shares during the period. CYBER HORNET ETFs LLC acquired a new stake in shares of Host Hotels & Resorts in the 2nd quarter worth approximately $29,000. MUFG Securities EMEA plc acquired a new stake in Host Hotels & Resorts during the 2nd quarter valued at $32,000. Finally, Corient Private Wealth LLC grew its holdings in Host Hotels & Resorts by 49.6% during the 2nd quarter. Corient Private Wealth LLC now owns 104,312 shares of the company's stock valued at $1,602,000 after buying an additional 34,594 shares during the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

About Host Hotels & Resorts

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.