Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $19.00 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 - Free Report) had its target price raised by Truist Financial from $17.00 to $19.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have a hold rating on the stock.

A number of other equities analysts have also commented on HST. Stifel Nicolaus raised their price target on Host Hotels & Resorts from $17.00 to $18.50 and gave the stock a "buy" rating in a report on Thursday, July 31st. Wells Fargo & Company upped their target price on shares of Host Hotels & Resorts from $18.00 to $19.00 and gave the stock an "overweight" rating in a report on Wednesday, August 27th. Evercore ISI upped their target price on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a research report on Monday, July 28th. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Finally, JPMorgan Chase & Co. assumed 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 for the company. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $17.77.

Host Hotels & Resorts Price Performance

HST stock traded down $0.05 during trading on Wednesday, hitting $17.39. The company had a trading volume of 3,992,058 shares, compared to its average volume of 9,719,715. The company has a fifty day moving average price of $16.28 and a two-hundred day moving average price of $15.41. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. The company has a market cap of $11.95 billion, a P/E ratio of 18.54 and a beta of 1.36. Host Hotels & Resorts has a fifty-two week low of $12.22 and a fifty-two week high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. The company had revenue of $1.59 billion during 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 was up 8.2% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. Equities research analysts expect that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.20 per share. The ex-dividend date was Monday, June 30th. This represents a $0.80 annualized dividend and a yield of 4.6%. Host Hotels & Resorts's payout ratio is presently 85.11%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its position in Host Hotels & Resorts by 71.0% during the second quarter. Osaic Holdings Inc. now owns 35,030 shares of the company's stock worth $525,000 after acquiring an additional 14,550 shares during the period. Orion Porfolio Solutions LLC raised its position in shares of Host Hotels & Resorts by 3.1% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 54,981 shares of the company's stock valued at $845,000 after acquiring an additional 1,631 shares during the period. Thrivent Financial for Lutherans increased its stake in Host Hotels & Resorts by 71.9% during the 2nd quarter. Thrivent Financial for Lutherans now owns 786,082 shares of the company's stock worth $12,074,000 after purchasing an additional 328,800 shares in the last quarter. MASTERINVEST Kapitalanlage GmbH bought a new position in shares of Host Hotels & Resorts during the 2nd quarter worth approximately $163,000. Finally, Hudson Bay Capital Management LP lifted its holdings in Host Hotels & Resorts by 1,248.1% during the 2nd quarter. Hudson Bay Capital Management LP now owns 929,820 shares of the company's stock valued at $14,282,000 after purchasing an additional 1,010,807 shares during the last quarter. 98.52% of the stock is owned by hedge funds and other institutional investors.

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.