Host Hotels & Resorts (NASDAQ:HST) Given New $24.00 Price Target at Cantor Fitzgerald

Key Points

• Cantor Fitzgerald raised Host Hotels & Resorts’ price target from $23 to $24 while maintaining a neutral rating, implying 5.87% upside from the reported $22.67 share price.
• Analyst sentiment is broadly positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $24.33; several firms maintain buy or outperform ratings with targets up to $27.
• Institutional investors own 98.52% of Host Hotels & Resorts, while an executive recently sold 15,569 shares worth about $358,000.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price target raised by equities research analysts at Cantor Fitzgerald from $23.00 to $24.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. Cantor Fitzgerald's target price would indicate a potential upside of 5.87% from the company's current price.

Several other equities research analysts have also weighed in on HST. Raymond James Financial reaffirmed an "outperform" rating and issued a $27.00 target price on shares of Host Hotels & Resorts in a research report on Monday, June 8th. BMO Capital Markets restated an "outperform" rating and set a $27.00 price target on shares of Host Hotels & Resorts in a research report on Friday, June 12th. Wells Fargo & Company increased their price objective on shares of Host Hotels & Resorts from $25.00 to $26.00 and gave the stock an "overweight" rating in a report on Thursday, July 23rd. Weiss Ratings downgraded shares of Host Hotels & Resorts from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, July 30th. Finally, Barclays boosted their target price on shares of Host Hotels & Resorts from $23.00 to $24.00 and gave the company an "equal weight" rating in a research note on Tuesday, July 21st. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $24.33.

Host Hotels & Resorts Stock Down 2.7%

Shares of Host Hotels & Resorts stock opened at $22.67 on Tuesday. The stock has a market capitalization of $15.53 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 2.59 and a beta of 1.10. Host Hotels & Resorts has a twelve month low of $15.19 and a twelve month high of $25.71. The company has a current ratio of 2.96, a quick ratio of 7.91 and a debt-to-equity ratio of 0.80. The business's 50 day simple moving average is $24.24 and its 200-day simple moving average is $21.61.

Insider Activity at Host Hotels & Resorts

In other news, EVP Nathan S. Tyrrell sold 15,569 shares of the company's stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $23.00, for a total value of $358,087.00. Following the completion of the sale, the executive vice president directly owned 682,089 shares of the company's stock, valued at approximately $15,688,047. This represents a 2.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.50% of the company's stock.

Institutional Investors Weigh In On Host Hotels & Resorts

Institutional investors have recently added to or reduced their stakes in the company. Vise Technologies Inc. acquired a new position in shares of Host Hotels & Resorts during the 2nd quarter valued at $1,362,000. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Host Hotels & Resorts during the second quarter valued at about $1,791,000. West Family Investments Inc. bought a new position in Host Hotels & Resorts during the second quarter valued at about $394,000. NewEdge Wealth LLC bought a new stake in Host Hotels & Resorts in the second quarter worth about $52,345,000. Finally, Great Lakes Advisors LLC acquired a new stake in Host Hotels & Resorts in the 2nd quarter valued at about $4,813,000. 98.52% of the stock is currently owned by institutional investors and hedge funds.

About Host Hotels & Resorts

Host Hotels & Resorts, Inc is a real estate investment trust (REIT) focused on owning and managing premium lodging properties. The company's portfolio predominantly comprises luxury and upper-upscale hotels and resorts operated under leading global brands. Through strategic acquisitions, dispositions and capital investments, Host Hotels & Resorts seeks to enhance long-term value by aligning property-level operating performance with broader market trends in hospitality demand.

The company's holdings span major urban, resort and conference destinations across North America, Europe and the Asia-Pacific region.

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