Wells Fargo & Company Lowers Host Hotels & Resorts (NASDAQ:HST) Price Target to $20.00

Host Hotels & Resorts (NASDAQ:HST) had its price target cut by Wells Fargo & Company from $22.00 to $20.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities research analysts also recently weighed in on HST. UBS Group cut their price target on shares of Host Hotels & Resorts from $19.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, January 28th. StockNews.com lowered shares of Host Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus reduced their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a “buy” rating for the company in a research note on Friday, November 22nd. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.54.

Host Hotels & Resorts Stock Performance

Shares of HST opened at $16.77 on Tuesday. The company has a market cap of $11.72 billion, a price-to-earnings ratio of 16.28 and a beta of 1.30. The firm has a fifty day moving average of $17.22 and a 200-day moving average of $17.47. Host Hotels & Resorts has a 1 year low of $15.71 and a 1 year high of $21.31. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.90 and a current ratio of 2.90.

Host Hotels & Resorts (NASDAQ:HST) last posted its quarterly earnings data on Wednesday, February 19th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.29. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.37 billion. Host Hotels & Resorts had a net margin of 12.92% and a return on equity of 10.72%. As a group, equities analysts anticipate that Host Hotels & Resorts will post 1.92 earnings per share for the current year.

Host Hotels & Resorts Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. The ex-dividend date is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 4.77%. Host Hotels & Resorts’s dividend payout ratio (DPR) is presently 77.67%.

Hedge Funds Weigh In On Host Hotels & Resorts

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. National Pension Service bought a new stake in shares of Host Hotels & Resorts in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its position 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 worth $28,000 after purchasing an additional 1,088 shares during the period. MassMutual Private Wealth & Trust FSB lifted its position in Host Hotels & Resorts by 94.9% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company’s stock worth $36,000 after purchasing an additional 991 shares during the period. Kestra Investment Management LLC bought a new position in Host Hotels & Resorts in the fourth quarter worth $40,000. Finally, Eastern Bank bought a new position in Host Hotels & Resorts in the fourth quarter worth $45,000. Institutional investors and hedge funds 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.