Wells Fargo & Company Boosts Host Hotels & Resorts (NASDAQ:HST) Price Target to $18.00

Host Hotels & Resorts (NASDAQ:HST - Free Report) had its price objective hoisted by Wells Fargo & Company from $16.00 to $18.00 in a report issued on Tuesday,Benzinga reports. They currently have an overweight rating on the stock.

HST has been the subject of several other research reports. Jefferies Financial Group lowered Host Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price objective for the company from $20.00 to $14.00 in a research report on Wednesday, April 9th. Evercore ISI reissued an "outperform" rating on shares of Host Hotels & Resorts in a research note on Friday, May 16th. JPMorgan Chase & Co. started coverage on shares of Host Hotels & Resorts in a research note on Monday, June 23rd. They set a "neutral" rating and a $16.00 target price for the company. Truist Financial lowered their target price on shares of Host Hotels & Resorts from $20.00 to $17.00 and set a "hold" rating for the company in a report on Friday, March 21st. Finally, Morgan Stanley cut their price target on Host Hotels & Resorts from $15.00 to $14.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Host Hotels & Resorts has an average rating of "Hold" and an average price target of $17.96.

Host Hotels & Resorts Trading Up 0.2%

Shares of HST traded up $0.04 during trading hours on Tuesday, reaching $16.21. 5,858,876 shares of the company traded hands, compared to its average volume of 8,763,792. Host Hotels & Resorts has a 12 month low of $12.22 and a 12 month high of $19.37. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.76. The company's fifty day moving average price is $15.35 and its two-hundred day moving average price is $15.69. The company has a market capitalization of $11.24 billion, a price-to-earnings ratio of 16.88 and a beta of 1.31.

Host Hotels & Resorts (NASDAQ:HST - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.08. Host Hotels & Resorts had a return on equity of 10.11% and a net margin of 11.66%. The business had revenue of $1.59 billion for the quarter, compared to analysts' expectations of $1.55 billion. During the same period in the previous year, the firm posted $0.60 EPS. The business's revenue was up 8.4% on a year-over-year basis. Equities research analysts predict that Host Hotels & Resorts will post 1.88 earnings per share for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.94%. Host Hotels & Resorts's dividend payout ratio (DPR) is presently 83.33%.

Hedge Funds Weigh In On Host Hotels & Resorts

A number of hedge funds have recently bought and sold shares of HST. NBC Securities Inc. lifted its holdings in shares of Host Hotels & Resorts by 185,200.0% during the 1st quarter. NBC Securities Inc. now owns 1,853 shares of the company's stock valued at $26,000 after buying an additional 1,852 shares during the period. Jones Financial Companies Lllp lifted its holdings in Host Hotels & Resorts by 202.6% in the fourth quarter. Jones Financial Companies Lllp now owns 1,625 shares of the company's stock valued at $28,000 after acquiring an additional 1,088 shares during the period. Versant Capital Management Inc lifted its holdings in Host Hotels & Resorts by 696.3% in the first quarter. Versant Capital Management Inc now owns 2,341 shares of the company's stock valued at $33,000 after acquiring an additional 2,047 shares during the period. AlphaQuest LLC purchased a new position in Host Hotels & Resorts in the first quarter worth about $33,000. Finally, Brooklyn Investment Group grew its stake in shares of Host Hotels & Resorts by 348.1% during the 1st quarter. Brooklyn Investment Group now owns 2,375 shares of the company's stock valued at $34,000 after purchasing an additional 1,845 shares during the period. Hedge funds and other institutional investors own 98.52% of the company's stock.

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.