Host Hotels & Resorts (NASDAQ:HST) Price Target Cut to $20.50 by Analysts at Stifel Nicolaus

Host Hotels & Resorts (NASDAQ:HST) had its price target trimmed by Stifel Nicolaus from $21.00 to $20.50 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on HST. Oppenheimer cut their target price on Host Hotels & Resorts from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday, August 12th. Truist Financial cut their target price on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Wednesday, September 4th. Evercore ISI cut their target price on Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 13th. UBS Group cut their target price on Host Hotels & Resorts from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Friday, November 15th. Finally, Wells Fargo & Company cut their target price on Host Hotels & Resorts from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, Host Hotels & Resorts presently has an average rating of “Moderate Buy” and a consensus target price of $21.18.

Host Hotels & Resorts Price Performance

Shares of HST stock opened at $18.25 on Friday. The stock has a market cap of $12.76 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.62 and a beta of 1.32. The business’s fifty day moving average is $17.79 and its 200 day moving average is $17.67. Host Hotels & Resorts has a twelve month low of $15.71 and a twelve month high of $21.31. The company has a quick ratio of 2.90, a current ratio of 2.90 and a debt-to-equity ratio of 0.76.

Host Hotels & Resorts (NASDAQ:HST) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.36 by ($0.24). The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.29 billion. Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. Host Hotels & Resorts’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.41 earnings per share. Research analysts expect that Host Hotels & Resorts will post 1.94 EPS for the current fiscal year.

Host Hotels & Resorts Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s payout ratio is 77.67%.

Institutional Trading of Host Hotels & Resorts

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. increased its position in Host Hotels & Resorts by 645.5% in the first quarter. Bessemer Group Inc. now owns 64,416 shares of the company’s stock worth $1,331,000 after buying an additional 55,775 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Host Hotels & Resorts by 854.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 319,791 shares of the company’s stock worth $5,750,000 after purchasing an additional 286,281 shares in the last quarter. Lazard Asset Management LLC grew its position in shares of Host Hotels & Resorts by 111.7% during the first quarter. Lazard Asset Management LLC now owns 1,642,387 shares of the company’s stock worth $33,963,000 after purchasing an additional 866,530 shares in the last quarter. Swedbank AB purchased a new stake in shares of Host Hotels & Resorts during the first quarter worth about $15,509,000. Finally, PGGM Investments grew its position in shares of Host Hotels & Resorts by 2.0% during the second quarter. PGGM Investments now owns 3,113,528 shares of the company’s stock worth $55,981,000 after purchasing an additional 59,772 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.