Host Hotels & Resorts, Inc. (NASDAQ:HST) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Host Hotels & Resorts, Inc. has received an average rating of "Moderate Buy" from 11 analysts, with a target price of $17.77.
• Institutional investors hold 98.52% of the company's stock, with recent significant acquisitions from Norges Bank and Millennium Management.
• The company recently declared a quarterly dividend of $0.20 per share, representing an annual yield of 4.5%.

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $17.7727.

A number of equities analysts have issued reports on the company. Wells Fargo & Company increased their target price on Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Truist Financial increased their target price on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Evercore ISI increased their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. Finally, JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. Norges Bank acquired a new position in Host Hotels & Resorts in the 2nd quarter valued at about $554,669,000. Rush Island Management LP acquired a new position in Host Hotels & Resorts in the 4th quarter valued at about $99,402,000. Nuveen LLC acquired a new position in Host Hotels & Resorts in the 1st quarter valued at about $69,989,000. Arrowstreet Capital Limited Partnership grew its stake in Host Hotels & Resorts by 199.0% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 5,294,296 shares of the company's stock valued at $81,320,000 after buying an additional 3,523,534 shares during the last quarter. Finally, Millennium Management LLC grew its stake in Host Hotels & Resorts by 1,607.3% in the 1st quarter. Millennium Management LLC now owns 3,083,054 shares of the company's stock valued at $43,810,000 after buying an additional 2,902,471 shares during the last quarter. 98.52% of the stock is currently owned by institutional investors and hedge funds.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $17.68 on Friday. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.36. The stock has a market cap of $12.16 billion, a PE ratio of 18.81 and a beta of 1.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The firm's 50 day moving average price is $16.41 and its two-hundred day moving average price is $15.46.

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

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.5%. Host Hotels & Resorts's dividend payout ratio is currently 85.11%.

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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