Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $19.00 at Wells Fargo & Company

Key Points

• Wells Fargo & Company has raised its target price for Host Hotels & Resorts from $18.00 to $19.00, suggesting a potential upside of 12.23% from its current stock price.
• The company achieved a better-than-expected earnings report for the last quarter, posting $0.58 EPS compared to the consensus estimate of $0.51, with revenues reaching $1.59 billion.
• As of now, six research analysts have rated Host Hotels & Resorts with a "Buy" rating, and it holds an average rating of "Moderate Buy" from analysts.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its target price increased by Wells Fargo & Company from $18.00 to $19.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's price objective would indicate a potential upside of 10.40% from the company's current price.

HST has been the topic of several other reports. Evercore ISI increased their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a report on Monday, July 28th. JPMorgan Chase & Co. started coverage on Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target on the stock. Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Stifel Nicolaus increased 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. Six research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Host Hotels & Resorts has a consensus rating of "Moderate Buy" and an average price target of $17.59.

Host Hotels & Resorts Trading Down 0.5%

Shares of NASDAQ HST traded down $0.08 during midday trading on Wednesday, hitting $17.21. The company's stock had a trading volume of 6,765,345 shares, compared to its average volume of 9,708,478. 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 business's 50 day moving average is $16.12 and its two-hundred day moving average is $15.39. Host Hotels & Resorts has a 12-month low of $12.22 and a 12-month high of $19.36. The firm has a market cap of $11.83 billion, a P/E ratio of 18.31 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.07. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.The firm had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same period in the prior year, the business posted $0.57 earnings per share. The company's revenue for the quarter was up 8.2% on a year-over-year basis. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. As a group, equities research analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HST. NBC Securities Inc. increased its holdings in shares of Host Hotels & Resorts by 185,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after acquiring an additional 1,852 shares during the period. Armstrong Advisory Group Inc. increased its holdings in shares of Host Hotels & Resorts by 953.5% in the 2nd quarter. Armstrong Advisory Group Inc. now owns 1,675 shares of the company's stock valued at $26,000 after acquiring an additional 1,516 shares during the period. CYBER HORNET ETFs LLC purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $29,000. TD Private Client Wealth LLC increased its holdings in shares of Host Hotels & Resorts by 50.0% in the 2nd quarter. TD Private Client Wealth LLC now owns 2,073 shares of the company's stock valued at $32,000 after acquiring an additional 691 shares during the period. Finally, MUFG Securities EMEA plc purchased a new position in shares of Host Hotels & Resorts in the 2nd quarter valued at $32,000. 98.52% of the stock is currently owned by hedge funds and other 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.