Host Hotels & Resorts (NASDAQ:HST) Price Target Raised to $18.00

Key Points

• UBS Group increased its target price for Host Hotels & Resorts (NASDAQ:HST) from $17.00 to $18.00, indicating a potential upside of 3.66% based on the current stock price.
• The stock has received mixed ratings from other analysts, with six issuing a Buy rating and five giving it a Hold rating, leading to a consensus rating of "Moderate Buy."
• Host Hotels & Resorts reported a net income of $0.58 EPS for the latest quarter, surpassing analysts' expectations and reflecting an 8.2% year-over-year revenue increase.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) had its price objective hoisted by research analysts at UBS Group from $17.00 to $18.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. UBS Group's price objective suggests a potential upside of 4.83% from the company's current price.

Other equities research analysts also recently issued reports about the stock. Morgan Stanley reaffirmed an "outperform" rating on shares of Host Hotels & Resorts in a research note on Tuesday, July 15th. JPMorgan Chase & Co. assumed coverage on Host Hotels & Resorts in a research report on Monday, June 23rd. They set a "neutral" rating and a $16.00 price objective on the stock. Stifel Nicolaus increased their price objective 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. Evercore ISI boosted their target price on Host Hotels & Resorts from $19.00 to $20.00 and gave the stock an "outperform" rating in a research note on Monday, July 28th. Finally, Truist Financial upped their price target on Host Hotels & Resorts from $17.00 to $19.00 and gave the stock a "hold" rating in a report on Wednesday, September 3rd. Six analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.77.

Host Hotels & Resorts Trading Down 1.4%

Shares of HST traded down $0.25 during midday trading on Monday, hitting $17.17. 7,702,977 shares of the stock were exchanged, compared to its average volume of 9,595,794. Host Hotels & Resorts has a 52-week low of $12.22 and a 52-week high of $19.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.20 and a current ratio of 2.20. The stock has a fifty day simple moving average of $16.58 and a 200 day simple moving average of $15.52. The firm has a market cap of $11.81 billion, a P/E ratio of 18.27 and a beta of 1.36.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last announced its 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. The company had revenue of $1.59 billion during the quarter, compared to analysts' expectations of $1.51 billion. Host Hotels & Resorts had a return on equity of 9.90% and a net margin of 11.12%.Host Hotels & Resorts's revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. Host Hotels & Resorts has set its FY 2025 guidance at 1.980-2.020 EPS. On average, research analysts anticipate that Host Hotels & Resorts will post 1.88 EPS for the current fiscal year.

Institutional Trading of Host Hotels & Resorts

A number of large investors have recently made changes to their positions in the company. Tokio Marine Asset Management Co. Ltd. lifted its stake in Host Hotels & Resorts by 2.6% in the first 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 last quarter. TD Private Client Wealth LLC boosted its stake in Host Hotels & Resorts by 50.0% during 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 grew its position in Host Hotels & Resorts by 4.4% during 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 last quarter. Resonant Capital Advisors LLC increased its stake in Host Hotels & Resorts by 5.2% in the first quarter. Resonant Capital Advisors LLC now owns 15,255 shares of the company's stock valued at $220,000 after purchasing an additional 760 shares during the period. Finally, Advisors Asset Management Inc. increased its stake in Host Hotels & Resorts by 3.7% in the first quarter. Advisors Asset Management Inc. now owns 21,349 shares of the company's stock valued at $303,000 after purchasing an additional 765 shares during the period. 98.52% of the stock is owned by institutional investors and hedge funds.

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.