Brokerages Set Host Hotels & Resorts, Inc. (NASDAQ:HST) Target Price at $17.77

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%.

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the eleven research firms that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $17.7727.

HST has been the topic of a number of recent analyst reports. Stifel Nicolaus lifted their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a report on Thursday, July 31st. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price on the stock. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Wells Fargo & Company boosted 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. Finally, Truist Financial boosted 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.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norges Bank bought a new position in shares of Host Hotels & Resorts in the second quarter valued at $554,669,000. Invesco Ltd. grew its position in Host Hotels & Resorts by 11.1% during the 1st quarter. Invesco Ltd. now owns 25,058,995 shares of the company's stock worth $356,088,000 after purchasing an additional 2,503,550 shares in the last quarter. Geode Capital Management LLC grew its position in Host Hotels & Resorts by 2.6% during the 2nd quarter. Geode Capital Management LLC now owns 25,055,737 shares of the company's stock worth $398,425,000 after purchasing an additional 636,983 shares in the last quarter. Centersquare Investment Management LLC grew its position in Host Hotels & Resorts by 1.7% during the 1st quarter. Centersquare Investment Management LLC now owns 11,235,809 shares of the company's stock worth $159,661,000 after purchasing an additional 183,653 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Host Hotels & Resorts by 3.3% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 10,734,333 shares of the company's stock worth $164,879,000 after purchasing an additional 341,915 shares in the last quarter. Institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of HST traded down $0.14 during mid-day trading on Friday, reaching $17.52. 10,552,175 shares of the company's stock traded hands, compared to its average volume of 8,112,456. The business's 50-day moving average price is $16.52 and its 200-day moving average price is $15.50. The stock has a market capitalization of $12.05 billion, a P/E ratio of 18.64 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. Host Hotels & Resorts has a 12 month low of $12.22 and a 12 month high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. The company 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 for the quarter was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities analysts predict that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.6%. Host Hotels & Resorts's dividend payout ratio is currently 85.11%.

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.