Stifel Nicolaus Issues Positive Forecast for Host Hotels & Resorts (NASDAQ:HST) Stock Price

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Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price objective upped by research analysts at Stifel Nicolaus from $17.00 to $18.50 in a note issued to investors on Thursday,Benzinga reports. The firm currently has a "buy" rating on the stock. Stifel Nicolaus' price objective would indicate a potential upside of 19.12% from the stock's previous close.

Other analysts have also recently issued reports about the company. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research report on Tuesday, July 15th. Jefferies Financial Group cut Host Hotels & Resorts from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $20.00 to $14.00 in a research report on Wednesday, April 9th. Evercore ISI raised their price target on Host Hotels & Resorts from $19.00 to $20.00 and gave the company 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 for the company. Finally, Wells Fargo & Company raised their price target on Host Hotels & Resorts from $16.00 to $18.00 and gave the company an "overweight" rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $17.96.

Host Hotels & Resorts Stock Performance

Host Hotels & Resorts stock traded down $0.19 during mid-day trading on Thursday, reaching $15.53. 15,665,128 shares of the company were exchanged, compared to its average volume of 8,620,096. Host Hotels & Resorts has a twelve month low of $12.22 and a twelve month high of $19.36. The firm's 50-day simple moving average is $15.89 and its two-hundred day simple moving average is $15.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 2.20. The firm has a market cap of $10.77 billion, a PE ratio of 16.52 and a beta of 1.34.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The company reported $0.58 earnings per share for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. During the same period last year, the firm earned $0.57 EPS. The firm's revenue for the quarter was up 8.2% on a year-over-year basis. Equities analysts predict that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas increased its position in Host Hotels & Resorts by 42.2% during the second quarter. Teacher Retirement System of Texas now owns 145,409 shares of the company's stock worth $2,233,000 after buying an additional 43,182 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its stake in shares of Host Hotels & Resorts by 54.7% during the second quarter. Y Intercept Hong Kong Ltd now owns 69,743 shares of the company's stock worth $1,071,000 after purchasing an additional 24,654 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Host Hotels & Resorts by 117.5% during the second quarter. Bessemer Group Inc. now owns 17,904 shares of the company's stock worth $275,000 after purchasing an additional 9,674 shares in the last quarter. Resonant Capital Advisors LLC lifted its stake in shares of Host Hotels & Resorts by 29.6% during the second quarter. Resonant Capital Advisors LLC now owns 19,777 shares of the company's stock worth $307,000 after purchasing an additional 4,522 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Host Hotels & Resorts by 43.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 73,341 shares of the company's stock worth $1,127,000 after acquiring an additional 22,358 shares during the last quarter. 98.52% of the stock is 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.