Host Hotels & Resorts (NASDAQ:HST) Upgraded to Buy at Compass Point

Host Hotels & Resorts (NASDAQ:HST) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a report released on Thursday, FinViz reports. The firm presently has a $22.00 price target on the stock, up from their prior price target of $18.00. Compass Point’s price target would suggest a potential upside of 22.29% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Evercore ISI decreased their price target on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, August 13th. Wells Fargo & Company reduced their target price on shares of Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, September 13th. JPMorgan Chase & Co. lowered shares of Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $20.00 to $18.00 in a research report on Friday, July 19th. Oppenheimer reduced their price objective on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating for the company in a research report on Monday, August 12th. Finally, Truist Financial dropped their target price on shares of Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, Host Hotels & Resorts presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.27.

Host Hotels & Resorts Price Performance

HST stock opened at $17.99 on Thursday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 4.55 and a current ratio of 4.55. The business has a 50-day simple moving average of $17.36 and a two-hundred day simple moving average of $18.00. The company has a market capitalization of $12.68 billion, a P/E ratio of 17.64, a price-to-earnings-growth ratio of 1.56 and a beta of 1.32. Host Hotels & Resorts has a 52-week low of $14.92 and a 52-week high of $21.31.

Institutional Investors Weigh In On Host Hotels & Resorts

Large investors have recently added to or reduced their stakes in the company. Czech National Bank raised its holdings in Host Hotels & Resorts by 0.5% during the 1st quarter. Czech National Bank now owns 124,122 shares of the company’s stock valued at $2,567,000 after acquiring an additional 569 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Host Hotels & Resorts by 3.8% in the 1st quarter. Legacy Wealth Asset Management LLC now owns 15,774 shares of the company’s stock worth $326,000 after purchasing an additional 579 shares during the period. Assenagon Asset Management S.A. increased its position in shares of Host Hotels & Resorts by 3.0% during the second quarter. Assenagon Asset Management S.A. now owns 19,858 shares of the company’s stock valued at $357,000 after buying an additional 584 shares during the period. Covestor Ltd increased its position in shares of Host Hotels & Resorts by 16.1% during the first quarter. Covestor Ltd now owns 4,460 shares of the company’s stock valued at $92,000 after buying an additional 618 shares during the period. Finally, Gulf International Bank UK Ltd lifted its holdings in shares of Host Hotels & Resorts by 16.3% in the first quarter. Gulf International Bank UK Ltd now owns 4,475 shares of the company’s stock worth $92,000 after buying an additional 627 shares in the last quarter. Hedge funds and other institutional investors own 98.52% of the company’s stock.

Host Hotels & Resorts Company Profile

Host Hotels & Resorts, Inc is an S&P 500 company and is the largest lodging real estate investment trust and one of the largest owners of luxury and upper-upscale hotels. The Company currently owns 72 properties in the United States and five properties internationally totaling approximately 42,000 rooms.