Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $18.50 at Stifel Nicolaus

Key Points

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price target upped by Stifel Nicolaus from $17.00 to $18.50 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Stifel Nicolaus' price target indicates a potential upside of 18.48% from the stock's previous close.

Other research analysts also recently issued research reports about the stock. Evercore ISI increased their price target on shares of Host Hotels & Resorts from $19.00 to $20.00 and gave the company an "outperform" rating in a report on Monday, July 28th. Wells Fargo & Company increased their price target on shares of Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. JPMorgan Chase & Co. began coverage on shares of Host Hotels & Resorts in a report on Monday, June 23rd. They issued a "neutral" rating and a $16.00 price target for the company. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a report on Tuesday, July 15th. Finally, Jefferies Financial Group downgraded shares of Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the company from $20.00 to $14.00 in a report on Wednesday, April 9th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat, Host Hotels & Resorts presently has a consensus rating of "Hold" and a consensus price target of $17.96.

Host Hotels & Resorts Price Performance

Shares of HST traded up $0.08 during midday trading on Thursday, hitting $15.61. 1,684,945 shares of the company traded hands, compared to its average volume of 9,760,486. The firm has a 50 day moving average of $15.89 and a 200-day moving average of $15.48. Host Hotels & Resorts has a 52 week low of $12.22 and a 52 week high of $19.36. The stock has a market cap of $10.83 billion, a price-to-earnings ratio of 16.60 and a beta of 1.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.20.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported $0.58 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.07. Host Hotels & Resorts had a net margin of 11.12% and a return on equity of 9.90%. The firm had revenue of $1.59 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the firm earned $0.57 EPS. The firm's revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts forecast that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Host Hotels & Resorts

Institutional investors have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Host Hotels & Resorts by 3.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 110,836 shares of the company's stock worth $1,582,000 after acquiring an additional 3,732 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of Host Hotels & Resorts during the first quarter worth approximately $1,453,000. Cerity Partners LLC increased its position in shares of Host Hotels & Resorts by 32.9% during the first quarter. Cerity Partners LLC now owns 38,425 shares of the company's stock worth $546,000 after acquiring an additional 9,508 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Host Hotels & Resorts by 0.8% during the first quarter. Envestnet Asset Management Inc. now owns 792,420 shares of the company's stock worth $11,260,000 after acquiring an additional 6,592 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Host Hotels & Resorts by 48.7% during the first quarter. Oppenheimer Asset Management Inc. now owns 50,983 shares of the company's stock worth $724,000 after acquiring an additional 16,694 shares during the period. 98.52% of the stock is owned by hedge funds and other institutional investors.

Host Hotels & Resorts Company Profile

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.