Host Hotels & Resorts (NASDAQ:HST) Given New $19.00 Price Target at UBS Group

Host Hotels & Resorts (NASDAQ:HST) had its target price decreased by UBS Group from $20.00 to $19.00 in a research report released on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the stock.

Several other equities analysts have also weighed in on the stock. Oppenheimer reduced their price target 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. Evercore ISI lowered their price target on shares of Host Hotels & Resorts from $23.00 to $21.00 and set an “outperform” rating on the stock in a report on Tuesday, August 13th. Truist Financial reduced their price objective on Host Hotels & Resorts from $23.00 to $20.00 and set a “hold” rating for the company in a report on Wednesday, September 4th. StockNews.com lowered Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. downgraded Host Hotels & Resorts from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $20.00 to $18.00 in a research note on Friday, July 19th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.21.

Host Hotels & Resorts Stock Down 1.1 %

HST traded down $0.20 during midday trading on Friday, reaching $17.26. 12,826,627 shares of the company were exchanged, compared to its average volume of 6,835,031. The company has a market cap of $12.07 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32. Host Hotels & Resorts has a one year low of $15.71 and a one year high of $21.31. The company’s fifty day moving average price is $17.72 and its 200 day moving average price is $17.71. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.55 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.24). Host Hotels & Resorts had a return on equity of 10.72% and a net margin of 12.92%. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.29 billion. During the same period in the prior year, the firm earned $0.41 earnings per share. Host Hotels & Resorts’s revenue was up 8.6% compared to the same quarter last year. As a group, analysts expect that Host Hotels & Resorts will post 1.96 EPS for the current year.

Host Hotels & Resorts Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 4.63%. The ex-dividend date of this dividend was Monday, September 30th. Host Hotels & Resorts’s dividend payout ratio is currently 77.67%.

Institutional Investors Weigh In On Host Hotels & Resorts

A number of hedge funds and other institutional investors have recently modified their holdings of HST. BROOKFIELD Corp ON bought a new stake in shares of Host Hotels & Resorts in the 1st quarter worth approximately $25,000. Blue Trust Inc. increased its position in Host Hotels & Resorts by 212.7% during the 2nd quarter. Blue Trust Inc. now owns 1,473 shares of the company’s stock valued at $26,000 after purchasing an additional 1,002 shares during the period. Global X Japan Co. Ltd. bought a new position in Host Hotels & Resorts in the 2nd quarter worth $30,000. Farther Finance Advisors LLC lifted its position in shares of Host Hotels & Resorts by 44.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company’s stock worth $50,000 after purchasing an additional 867 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Host Hotels & Resorts during the second quarter valued at about $51,000. 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.