Morgan Stanley Issues Pessimistic Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price objective lowered by equities researchers at Morgan Stanley from $15.00 to $14.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would suggest a potential upside of 0.86% from the company's previous close.

A number of other equities research analysts also recently issued reports on HST. Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and cut their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Citigroup cut their price target on Host Hotels & Resorts from $21.00 to $19.00 and set a "buy" rating for the company in a report on Monday, March 17th. UBS Group lowered their price objective on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company cut their price objective on Host Hotels & Resorts from $22.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, February 18th. Finally, Compass Point cut shares of Host Hotels & Resorts from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $20.00 to $18.00 in a research note on Monday, March 10th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, Host Hotels & Resorts currently has a consensus rating of "Hold" and a consensus target price of $19.10.

Host Hotels & Resorts Stock Performance

Shares of HST stock traded down $0.05 on Tuesday, reaching $13.88. The stock had a trading volume of 5,064,411 shares, compared to its average volume of 7,998,548. The stock has a market cap of $9.62 billion, a P/E ratio of 14.02 and a beta of 1.26. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.90 and a current ratio of 1.91. Host Hotels & Resorts has a 1 year low of $12.22 and a 1 year high of $19.87. The company has a 50 day simple moving average of $14.72 and a 200 day simple moving average of $16.60.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.37 billion. Equities research analysts expect that Host Hotels & Resorts will post 1.88 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HST. National Pension Service bought a new position in Host Hotels & Resorts during the fourth quarter valued at $26,000. Jones Financial Companies Lllp raised its position in shares of Host Hotels & Resorts by 202.6% during the 4th quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after buying an additional 1,088 shares in the last quarter. NBC Securities Inc. lifted 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 last quarter. MassMutual Private Wealth & Trust FSB grew its position in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock worth $36,000 after acquiring an additional 991 shares in the last quarter. Finally, Kestra Investment Management LLC bought a new stake in Host Hotels & Resorts during the fourth quarter worth approximately $40,000. 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.