Analysts Set Host Hotels & Resorts, Inc. (NASDAQ:HST) Target Price at $18.27

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) have earned an average recommendation of "Hold" from the thirteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $18.27.

HST has been the topic of a number of research analyst reports. Wells Fargo & Company reduced their price target on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, February 18th. Citigroup reduced their target price on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a report on Monday, March 17th. Truist Financial reduced their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating on the stock in a report on Friday, March 21st. Evercore ISI reiterated an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Finally, Morgan Stanley reduced their target price on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd.

Host Hotels & Resorts Trading Up 2.5%

Shares of HST traded up $0.39 during trading hours on Wednesday, hitting $15.76. The company had a trading volume of 7,344,806 shares, compared to its average volume of 8,508,332. The firm has a market cap of $10.93 billion, a P/E ratio of 15.92 and a beta of 1.32. The stock's 50 day moving average price is $14.48 and its 200 day moving average price is $16.07. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.55 billion. During the same quarter in the previous year, the business earned $0.60 EPS. Host Hotels & Resorts's revenue was up 8.4% compared to the same quarter last year. On average, research analysts predict 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, April 15th. Investors of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 5.08%. Host Hotels & Resorts's payout ratio is currently 83.33%.

Hedge Funds Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Private Advisor Group LLC bought a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $375,000. IFP Advisors Inc lifted its position in Host Hotels & Resorts by 716.4% in the 4th quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after acquiring an additional 2,493 shares in the last quarter. Raymond James Financial Inc. bought a new position in Host Hotels & Resorts in the 4th quarter valued at approximately $17,586,000. Mariner LLC lifted its position in Host Hotels & Resorts by 10.3% in the 4th quarter. Mariner LLC now owns 46,476 shares of the company's stock valued at $814,000 after acquiring an additional 4,357 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its position in Host Hotels & Resorts by 186.5% in the 4th quarter. Janney Montgomery Scott LLC now owns 52,203 shares of the company's stock valued at $915,000 after acquiring an additional 33,984 shares in the last quarter. 98.52% of the stock is owned by institutional investors.

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.