Host Hotels & Resorts (NASDAQ:HST) Reaches New 52-Week Low - Should You Sell?

Host Hotels & Resorts, Inc. (NASDAQ:HST - Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $13.38 and last traded at $13.38, with a volume of 3637827 shares traded. The stock had previously closed at $14.65.

Wall Street Analyst Weigh In

HST has been the topic of a number of research reports. Compass Point lowered shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $20.00 to $18.00 in a report on Monday, March 10th. 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 report on Friday, March 21st. Morgan Stanley raised Host Hotels & Resorts from an "underweight" rating to an "equal weight" rating and lowered their target price for the stock from $16.00 to $15.00 in a research note on Friday, March 21st. Raymond James reduced their price target on Host Hotels & Resorts from $23.00 to $20.00 and set an "outperform" rating on the stock in a research report on Tuesday, February 18th. Finally, UBS Group lowered their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating for the company in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of "Hold" and a consensus price target of $19.54.

Host Hotels & Resorts Trading Down 1.7 %

The firm's 50 day simple moving average is $15.66 and its 200-day simple moving average is $17.07. The company has a market capitalization of $8.88 billion, a PE ratio of 12.83 and a beta of 1.26. The company has a quick ratio of 2.90, a current ratio of 1.91 and a debt-to-equity ratio of 0.77.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.29. Host Hotels & Resorts had a return on equity of 10.37% and a net margin of 12.26%. The business had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. As a group, equities research analysts anticipate that Host Hotels & Resorts, Inc. will post 1.88 EPS for the current year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date is Monday, March 31st. Host Hotels & Resorts's payout ratio is currently 80.81%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Host Hotels & Resorts during the 3rd quarter worth approximately $540,000. Private Advisor Group LLC acquired a new stake in Host Hotels & Resorts in the fourth quarter worth $375,000. Avanza Fonder AB bought a new stake in Host Hotels & Resorts in the fourth quarter valued at $1,457,000. Vert Asset Management LLC lifted its stake in Host Hotels & Resorts by 9.4% in the fourth quarter. Vert Asset Management LLC now owns 309,446 shares of the company's stock valued at $5,421,000 after buying an additional 26,678 shares during the last quarter. Finally, IFP Advisors Inc boosted its holdings in shares of Host Hotels & Resorts by 716.4% during the fourth quarter. IFP Advisors Inc now owns 2,841 shares of the company's stock valued at $50,000 after acquiring an additional 2,493 shares during the period. 98.52% of the stock is currently owned by institutional investors.

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.