Host Hotels & Resorts (NASDAQ:HST) Coverage Initiated at JPMorgan Chase & Co.

JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts (NASDAQ:HST - Free Report) in a report released on Monday morning, MarketBeat.com reports. The brokerage issued a neutral rating and a $16.00 price target on the stock.

Several other analysts also recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 22nd. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a report on Friday, May 16th. Jefferies Financial Group lowered shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their target price for the company from $20.00 to $14.00 in a research note on Wednesday, April 9th. Citigroup reduced their price target on shares of Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, Truist Financial decreased their target price on Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a research report on Friday, March 21st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, Host Hotels & Resorts presently has an average rating of "Hold" and a consensus target price of $18.12.

Host Hotels & Resorts Trading Up 1.4%

Shares of NASDAQ HST traded up $0.21 during trading on Monday, hitting $15.71. 7,498,676 shares of the company traded hands, compared to its average volume of 8,677,209. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $10.90 billion, a P/E ratio of 16.36 and a beta of 1.32. The company has a 50-day moving average price of $15.05 and a 200-day moving average price of $15.83. Host Hotels & Resorts has a 1 year low of $12.22 and a 1 year high of $19.37.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its quarterly earnings data 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. Host Hotels & Resorts had a net margin of 11.66% and a return on equity of 10.11%. The company had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.55 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Host Hotels & Resorts's revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities analysts predict that Host Hotels & Resorts will post 1.88 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 5.09%. Host Hotels & Resorts's payout ratio is currently 83.33%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently made changes to their positions in the business. National Pension Service acquired a new position in Host Hotels & Resorts during the 4th quarter worth $26,000. NBC Securities Inc. raised its position in shares of Host Hotels & Resorts by 185,200.0% during 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 in the last quarter. Jones Financial Companies Lllp lifted its stake in shares of 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 acquiring an additional 1,088 shares during the period. Versant Capital Management Inc lifted its stake in shares of Host Hotels & Resorts by 696.3% in the 1st quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock worth $33,000 after acquiring an additional 2,047 shares during the period. Finally, AlphaQuest LLC bought a new position in shares of Host Hotels & Resorts in the first quarter valued at approximately $33,000. 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, 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.