Host Hotels & Resorts (NASDAQ:HST) Given New $20.00 Price Target at Evercore ISI

Key Points

• Evercore ISI raised the price target for Host Hotels & Resorts from $19.00 to $20.00, reflecting a potential upside of 20.85%.
• The stock has a consensus rating of "Hold" with a target price of $18.12, with varying ratings from other brokerages including several "buy" and "hold" recommendations.
• Host Hotels & Resorts reported a net margin of 11.66% and a year-over-year revenue increase of 8.4%, with an earnings per share of $0.64 for the last quarter.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its target price lifted by analysts at Evercore ISI from $19.00 to $20.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Evercore ISI's target price would indicate a potential upside of 20.85% from the stock's current price.

Several other brokerages have also issued reports on HST. Morgan Stanley reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $20.00 to $14.00 in a report on Wednesday, April 9th. JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective on the stock. Finally, Wells Fargo & Company upped their price objective on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the stock an "overweight" rating in a report on Tuesday, July 1st. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $18.12.

Host Hotels & Resorts Stock Up 0.7%

Shares of NASDAQ HST opened at $16.55 on Monday. The firm has a market cap of $11.48 billion, a PE ratio of 17.24 and a beta of 1.31. Host Hotels & Resorts has a 12-month low of $12.22 and a 12-month high of $19.36. The company's fifty day simple moving average is $15.79 and its 200 day simple moving average is $15.52. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76.

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, topping the consensus estimate of $0.56 by $0.08. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.55 billion. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. Host Hotels & Resorts's revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, sell-side analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Host Hotels & Resorts

Institutional investors and hedge funds have recently made changes to their positions in the company. LPL Financial LLC increased its holdings in Host Hotels & Resorts by 72.3% during the fourth quarter. LPL Financial LLC now owns 133,430 shares of the company's stock worth $2,338,000 after buying an additional 55,971 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Host Hotels & Resorts by 4.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,604,888 shares of the company's stock worth $28,005,000 after buying an additional 71,588 shares during the last quarter. NEOS Investment Management LLC increased its holdings in Host Hotels & Resorts by 31.3% during the fourth quarter. NEOS Investment Management LLC now owns 41,724 shares of the company's stock worth $731,000 after buying an additional 9,954 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Host Hotels & Resorts during the fourth quarter worth about $1,800,000. Finally, DnB Asset Management AS boosted its position in Host Hotels & Resorts by 7.5% during the fourth quarter. DnB Asset Management AS now owns 132,171 shares of the company's stock worth $2,316,000 after purchasing an additional 9,203 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

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.

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