A number of firms have modified their ratings and price targets on shares of Host Hotels & Resorts (NYSE: HST) recently:

  • Host Hotels & Resorts was upgraded by analysts at RBC Capital from an “outperform” rating to a “top pick” rating. They now have a $19.00 price target on the stock.
  • Host Hotels & Resorts was downgraded by analysts at Goldman Sachs from a “buy” rating to a “neutral” rating. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • Host Hotels & Resorts had its price target raised by analysts at MLV Capital from $18.00 to $20.00. They now have a “buy” rating on the stock.
  • Host Hotels & Resorts had its “neutral” rating reaffirmed by analysts at Zacks. They now have a $16.00 price target on the stock. Zacks‘ analyst wrote, “Host Hotels reported modest third quarter 2012 results, with adjusted FFO in line with the Zacks Consensus Estimate. The company is the largest lodging REIT and operates luxury and upper-upscale hotels across hard-to-replicate areas which have the potential for significant capital appreciation. Most of its properties are operated under reputed brand names in the hospitality industry, which strengthens its leading position in the market. In addition, Host Hotels has a strong balance sheet to drive future growth. However, the continuous acquisition spree of Host Hotels involves significant upfront operating expenses and will continue to drag down margins till they get established. We maintain our Neutral recommendation on the stock.”
  • Host Hotels & Resorts had its “market perform” rating reaffirmed by analysts at FBR Capital. They now have a $16.00 price target on the stock.

Shares of Host Hotels & Resorts, Inc. traded up 0.51% during mid-day trading on Monday, hitting $15.77. Host Hotels & Resorts, Inc. has a 52 week low of $11.89 and a 52 week high of $17.57. The company has a market cap of $10.724 billion and a P/E ratio of 196.12.

Host Hotels & Resorts, Inc. (Host Inc.) operates as a self-managed and self-administered real estate investment trust (REIT).