Host Hotels & Resorts (NASDAQ:HST) Given New $19.00 Price Target at Truist Financial

Key Points

• Truist Financial has raised its price target for Host Hotels & Resorts from $17.00 to $19.00, reflecting an upside potential of 11.31% from the previous close.
• The stock holds a Moderate Buy average rating from analysts, with six having a Buy rating and five issuing a Hold rating.
• Host Hotels & Resorts reported $1.59 billion in revenue during its last quarterly earnings, surpassing estimates by approximately 8.2% year-over-year.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price objective hoisted by research analysts at Truist Financial from $17.00 to $19.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a "hold" rating on the stock. Truist Financial's price objective suggests a potential upside of 11.31% from the company's previous close.

HST has been the topic of a number of other reports. Wells Fargo & Company raised their price target on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Stifel Nicolaus boosted their price target on shares of Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a research note on Thursday, July 31st. Evercore ISI raised their price objective on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, JPMorgan Chase & Co. initiated coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective on the stock. Six equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.77.

Host Hotels & Resorts Stock Down 0.8%

Shares of NASDAQ HST opened at $17.07 on Wednesday. The company has a market cap of $11.74 billion, a P/E ratio of 18.16 and a beta of 1.36. Host Hotels & Resorts has a 1 year low of $12.22 and a 1 year high of $19.36. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.20 and a quick ratio of 2.20. The firm has a 50-day simple moving average of $16.17 and a two-hundred day simple moving average of $15.41.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the previous year, the firm posted $0.57 earnings per share. The company's revenue 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. Research analysts anticipate that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Institutional Investors Weigh In On Host Hotels & Resorts

Hedge funds and other institutional investors have recently made changes to their positions in the business. Armstrong Advisory Group Inc. grew its position in shares of Host Hotels & Resorts by 953.5% in the second quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company's stock valued at $26,000 after purchasing an additional 1,516 shares during the last quarter. NBC Securities Inc. raised its stake in Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after purchasing an additional 1,852 shares during the last quarter. CYBER HORNET ETFs LLC acquired a new position in Host Hotels & Resorts during the 2nd quarter valued at $29,000. MUFG Securities EMEA plc acquired a new position in Host Hotels & Resorts during the 2nd quarter valued at $32,000. Finally, TD Private Client Wealth LLC raised its stake in Host Hotels & Resorts by 50.0% during the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company's stock valued at $32,000 after purchasing an additional 691 shares during the last quarter. 98.52% of the stock is owned by institutional investors and hedge funds.

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.

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