Wells Fargo & Company Cuts Host Hotels & Resorts (NASDAQ:HST) Price Target to $19.00

Host Hotels & Resorts (NASDAQ:HST) had its price objective lowered by Wells Fargo & Company from $21.00 to $19.00 in a research note released on Friday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Several other analysts have also issued reports on HST. Truist Financial lowered their price target 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. Stifel Nicolaus cut their target price on Host Hotels & Resorts from $22.00 to $21.00 and set a buy rating for the company in a research note on Thursday, August 1st. Compass Point downgraded shares of Host Hotels & Resorts from a buy rating to a neutral rating and lowered their price target for the stock from $25.00 to $18.00 in a report on Thursday, August 1st. Oppenheimer decreased their target price on shares of Host Hotels & Resorts from $24.00 to $22.00 and set an outperform rating on the stock in a report on Monday, August 12th. Finally, JPMorgan Chase & Co. cut Host Hotels & Resorts from a neutral rating to an underweight rating and reduced their target price for the stock from $20.00 to $18.00 in a research report on Friday, July 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus price target of $21.06.

Host Hotels & Resorts Stock Up 0.2 %

HST stock opened at $17.46 on Friday. Host Hotels & Resorts has a 1-year low of $14.92 and a 1-year high of $21.31. The stock’s fifty day simple moving average is $17.17 and its two-hundred day simple moving average is $18.42. The company has a current ratio of 4.55, a quick ratio of 4.55 and a debt-to-equity ratio of 0.64. The stock has a market cap of $12.31 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.51 and a beta of 1.32.

Host Hotels & Resorts Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Monday, September 30th. Host Hotels & Resorts’s payout ratio is 78.43%.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of large investors have recently made changes to their positions in HST. Sanctuary Advisors LLC bought a new position in shares of Host Hotels & Resorts in the 2nd quarter worth about $391,000. Dana Investment Advisors Inc. increased its position in Host Hotels & Resorts by 10.4% during the 2nd quarter. Dana Investment Advisors Inc. now owns 147,203 shares of the company’s stock valued at $2,647,000 after buying an additional 13,856 shares in the last quarter. Aurora Investment Counsel boosted its holdings in Host Hotels & Resorts by 11.4% in the second quarter. Aurora Investment Counsel now owns 96,308 shares of the company’s stock worth $1,732,000 after acquiring an additional 9,847 shares in the last quarter. Truist Financial Corp raised its position in shares of Host Hotels & Resorts by 7.9% in the 2nd quarter. Truist Financial Corp now owns 98,922 shares of the company’s stock worth $1,779,000 after purchasing an additional 7,273 shares during the last quarter. Finally, EP Wealth Advisors LLC bought a new position in Host Hotels & Resorts in the 2nd quarter worth about $340,000. 98.52% of the stock is currently owned by institutional investors.

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.