Host Hotels & Resorts, Inc. (NASDAQ:HST) Receives $17.96 Consensus Target Price from Analysts

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) have earned a consensus rating of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $17.96.

A number of analysts recently weighed in on the stock. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a research note on Tuesday, July 1st. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. initiated coverage on shares of 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 Investors Weigh In On Host Hotels & Resorts

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Host Hotels & Resorts by 3.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock valued at $1,582,000 after purchasing an additional 3,732 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Host Hotels & Resorts in the 1st quarter valued at approximately $1,453,000. Envestnet Asset Management Inc. increased its position in shares of Host Hotels & Resorts by 0.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock valued at $11,260,000 after purchasing an additional 6,592 shares during the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of Host Hotels & Resorts by 48.7% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock valued at $724,000 after purchasing an additional 16,694 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Host Hotels & Resorts by 10.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 57,318 shares of the company's stock valued at $814,000 after purchasing an additional 5,318 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Stock Performance

HST traded up $0.12 during mid-day trading on Thursday, reaching $16.55. 10,423,322 shares of the company traded hands, compared to its average volume of 7,467,856. The stock has a market capitalization of $11.48 billion, a P/E ratio of 17.24 and a beta of 1.31. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. The company's fifty day moving average price is $15.79 and its 200-day moving average price is $15.54. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the prior year, the firm posted $0.60 EPS. Host Hotels & Resorts's quarterly revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 4.83%. The ex-dividend date of this dividend was Monday, June 30th. Host Hotels & Resorts's dividend payout ratio (DPR) is 83.33%.

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.