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

Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) have been assigned an average recommendation of "Hold" from the thirteen research firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.27.

Several brokerages have commented on HST. Jefferies Financial Group downgraded Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the stock from $20.00 to $14.00 in a research note on Wednesday, April 9th. Citigroup cut their price objective on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Raymond James reduced their price objective on shares of Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating for the company in a research note on Tuesday, February 18th. Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and lowered their target price for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Finally, Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of large investors have recently added to or reduced their stakes in the company. National Pension Service purchased a new position in shares of Host Hotels & Resorts in the 4th quarter worth about $26,000. Jones Financial Companies Lllp lifted its position in Host Hotels & Resorts by 202.6% in the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock worth $28,000 after buying an additional 1,088 shares during the last quarter. NBC Securities Inc. lifted its position in Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock worth $26,000 after buying an additional 1,852 shares during the last quarter. Kestra Investment Management LLC purchased a new stake in Host Hotels & Resorts in the fourth quarter worth approximately $40,000. Finally, Versant Capital Management Inc boosted its stake in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after buying an additional 2,047 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company's stock.

Host Hotels & Resorts Stock Performance

Shares of HST stock traded down $0.10 during trading on Wednesday, reaching $15.37. 7,893,290 shares of the company's stock traded hands, compared to its average volume of 8,486,667. The firm's 50-day moving average is $14.43 and its 200 day moving average is $16.09. The company has a market capitalization of $10.66 billion, a P/E ratio of 15.53 and a beta of 1.32. Host Hotels & Resorts has a 1 year low of $12.22 and a 1 year high of $19.37. The company has a current ratio of 1.91, a quick ratio of 2.90 and a debt-to-equity ratio of 0.77.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.56 by $0.08. Host Hotels & Resorts had a net margin of 12.26% and a return on equity of 10.37%. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same quarter in the previous year, the firm posted $0.60 EPS. The business's revenue for the quarter was up 8.4% compared to the same quarter last year. Equities research analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 5.20%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 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.