Host Hotels & Resorts (NASDAQ:HST) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

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 analysts at Wells Fargo & Company from $18.00 to $19.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 12.23% from the stock's current price.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. initiated coverage on Host Hotels & Resorts in a research note on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price objective for the company. Evercore ISI lifted 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. Stifel Nicolaus boosted their target price on Host Hotels & Resorts from $17.00 to $18.50 and gave the company a "buy" rating in a research note on Thursday, July 31st. Finally, Morgan Stanley reiterated an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Six research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $17.59.

Host Hotels & Resorts Trading Up 0.2%

Shares of HST stock opened at $16.93 on Wednesday. The stock has a market cap of $11.64 billion, a price-to-earnings ratio of 18.01 and a beta of 1.34. The stock has a 50-day moving average of $16.02 and a 200-day moving average of $15.38. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.76. Host Hotels & Resorts has a 1-year low of $12.22 and a 1-year high of $19.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last released its earnings results on Wednesday, July 30th. The company reported $0.58 EPS 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 business had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same quarter last year, the firm posted $0.57 earnings per share. The firm's revenue 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. On average, equities research analysts forecast that Host Hotels & Resorts will post 1.88 earnings per share for the current year.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Host Hotels & Resorts by 2.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 24,842 shares of the company's stock valued at $353,000 after buying an additional 638 shares during the period. Evergreen Wealth Solutions LLC raised its holdings in Host Hotels & Resorts by 5.3% in the 4th quarter. Evergreen Wealth Solutions LLC now owns 12,932 shares of the company's stock worth $227,000 after purchasing an additional 651 shares during the period. TD Private Client Wealth LLC raised its holdings in 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 worth $32,000 after purchasing an additional 691 shares during the period. Ascent Group LLC raised its holdings in Host Hotels & Resorts by 4.4% in the 4th quarter. Ascent Group LLC now owns 16,549 shares of the company's stock worth $290,000 after purchasing an additional 703 shares during the period. Finally, Resonant Capital Advisors LLC increased its stake in Host Hotels & Resorts by 5.2% in the 1st quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock worth $220,000 after buying an additional 760 shares in the last quarter. 98.52% of the stock is 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.

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